Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Significant Decline in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,330 shares, a decline of 97.6% from the July 15th total of 55,545 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 116,184 shares, the short-interest ratio is presently 0.0 days.

Eaton Vance Floating Rate ETF Price Performance

NYSEARCA EVLN remained flat at $48.77 on Thursday. The company had a trading volume of 99,571 shares, compared to its average volume of 74,083. Eaton Vance Floating Rate ETF has a 1-year low of $48.08 and a 1-year high of $50.12. The business has a fifty day moving average price of $48.70 and a 200 day moving average price of $48.73.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EVLN. Sanctuary Advisors LLC acquired a new stake in Eaton Vance Floating Rate ETF during the 2nd quarter valued at approximately $113,000. Oxbow Advisors LLC acquired a new position in shares of Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $122,000. Fund Advisors of America Inc FL acquired a new position in shares of Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $162,000. HBK Sorce Advisory LLC bought a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at $206,000. Finally, Altman Advisors Inc. acquired a new stake in shares of Eaton Vance Floating Rate ETF during the second quarter worth $442,000.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.