Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Short Interest Down 35.3% in August

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 363,703 shares, a drop of 35.3% from the August 15th total of 561,971 shares. Based on an average trading volume of 399,245 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Eaton Vance Limited Duration Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Kanen Wealth Management LLC boosted its stake in Eaton Vance Limited Duration Income Fund by 7.0% in the first quarter. Kanen Wealth Management LLC now owns 379,816 shares of the company’s stock valued at $3,589,000 after acquiring an additional 24,700 shares during the period. WealthTrust Asset Management LLC acquired a new position in Eaton Vance Limited Duration Income Fund in the 1st quarter valued at approximately $161,000. Aviance Capital Partners LLC raised its stake in shares of Eaton Vance Limited Duration Income Fund by 3.4% in the first quarter. Aviance Capital Partners LLC now owns 142,539 shares of the company’s stock valued at $1,347,000 after purchasing an additional 4,629 shares in the last quarter. Independent Financial Group LLC bought a new position in Eaton Vance Limited Duration Income Fund in the first quarter worth $730,000. Finally, Chicago Partners Investment Group LLC boosted its stake in Eaton Vance Limited Duration Income Fund by 1.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock worth $10,152,000 after buying an additional 13,216 shares in the last quarter.

Eaton Vance Limited Duration Income Fund Price Performance

Shares of EVV traded down $0.04 during midday trading on Friday, hitting $8.68. The company had a trading volume of 257,277 shares, compared to its average volume of 369,232. The company’s 50 day moving average price is $9.10 and its 200 day moving average price is $9.28. Eaton Vance Limited Duration Income Fund has a 52 week low of $8.63 and a 52 week high of $10.26.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.0695 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Monday, September 14th.

About Eaton Vance Limited Duration Income Fund

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.