Short Interest in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Drops By 38.6%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 260,437 shares, a decline of 38.6% from the May 14th total of 424,199 shares. Based on an average daily trading volume, of 35,181 shares, the short-interest ratio is presently 7.4 days. Approximately 1.0% of the company’s shares are short sold.

Eaton Vance Floating Rate ETF Stock Up 0.1%

Shares of NYSEARCA:EVLN traded up $0.03 during trading hours on Wednesday, hitting $48.86. 10,660 shares of the company’s stock traded hands, compared to its average volume of 72,195. Eaton Vance Floating Rate ETF has a 1 year low of $48.08 and a 1 year high of $50.28. The business has a fifty day moving average price of $48.76 and a 200-day moving average price of $48.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Floating Rate ETF during the third quarter valued at approximately $1,174,000. Eldridge Investment Advisors Inc. raised its stake in shares of Eaton Vance Floating Rate ETF by 0.6% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Eaton Vance Floating Rate ETF during the third quarter valued at approximately $27,435,000.

About Eaton Vance Floating Rate ETF

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.