Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Unusually-High Trading Volume – What’s Next?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) shares saw strong trading volume on Wednesday . 105,895 shares were traded during mid-day trading, a decline of 31% from the previous session’s volume of 154,272 shares.The stock last traded at $50.89 and had previously closed at $50.79.

Eaton Vance Short Duration Income ETF Stock Performance

The business’s 50 day moving average price is $50.86 and its 200-day moving average price is $51.10.

Eaton Vance Short Duration Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, August 6th. Investors of record on Friday, July 31st were issued a dividend of $0.1976 per share. The ex-dividend date of this dividend was Friday, July 31st.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new stake in shares of Eaton Vance Short Duration Income ETF during the fourth quarter valued at about $208,000. Nemes Rush Group LLC lifted its stake in shares of Eaton Vance Short Duration Income ETF by 3.6% in the fourth quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after acquiring an additional 6,833 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after acquiring an additional 7,623 shares in the last quarter. First American Bank purchased a new position in Eaton Vance Short Duration Income ETF in the first quarter valued at about $571,000. Finally, Eldridge Investment Advisors Inc. boosted its holdings in Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares during the last quarter.

About Eaton Vance Short Duration Income ETF

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.