Short Interest in Eaton Vance Ultra-Short Income ETF (NYSEARCA:EVSB) Declines By 61.1%

Eaton Vance Ultra-Short Income ETF (NYSEARCA:EVSB) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 3,165 shares, a decline of 61.1% from the January 29th total of 8,134 shares. Based on an average trading volume of 165,587 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 165,587 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Eaton Vance Ultra-Short Income ETF stock. JPMorgan Chase & Co. bought a new position in shares of Eaton Vance Ultra-Short Income ETF (NYSEARCA:EVSB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,691 shares of the company’s stock, valued at approximately $492,000. JPMorgan Chase & Co. owned about 0.22% of Eaton Vance Ultra-Short Income ETF as of its most recent SEC filing.

Eaton Vance Ultra-Short Income ETF Stock Performance

NYSEARCA EVSB traded down $0.17 on Friday, hitting $50.87. 27,384 shares of the stock were exchanged, compared to its average volume of 72,828. The business’s fifty day moving average is $50.97 and its 200 day moving average is $51.01. Eaton Vance Ultra-Short Income ETF has a 52 week low of $50.54 and a 52 week high of $52.54.

Eaton Vance Ultra-Short Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Friday, February 27th will be issued a $0.2051 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Eaton Vance Ultra-Short Income ETF’s previous monthly dividend of $0.18.

Eaton Vance Ultra-Short Income ETF Company Profile

The Eaton Vance Ultra-Short Income ETF (EVSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of investment grade debt securities globally. The fund aims for an average portfolio duration of one year or less EVSB was launched on Oct 16, 2023 and is issued by Eaton Vance.