Short Interest in Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Rises By 339.0%

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 561,971 shares, a growth of 339.0% from the July 30th total of 128,023 shares. Based on an average trading volume of 466,574 shares, the days-to-cover ratio is presently 1.2 days.

Eaton Vance Limited Duration Income Fund Price Performance

EVV traded up $0.02 during trading on Friday, reaching $9.12. 91,942 shares of the stock traded hands, compared to its average volume of 361,117. The stock’s 50-day simple moving average is $9.22 and its two-hundred day simple moving average is $9.38. Eaton Vance Limited Duration Income Fund has a fifty-two week low of $8.97 and a fifty-two week high of $10.41.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 25th. Investors of record on Thursday, August 13th were paid a $0.0696 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Trading of Eaton Vance Limited Duration Income Fund

Several large investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC raised its holdings in shares of Eaton Vance Limited Duration Income Fund by 60.2% during the 1st quarter. Kanen Wealth Management LLC now owns 367,219 shares of the company’s stock valued at $3,665,000 after purchasing an additional 137,994 shares in the last quarter. Royal Bank of Canada raised its holdings in Eaton Vance Limited Duration Income Fund by 3.8% during the first quarter. Royal Bank of Canada now owns 915,612 shares of the company’s stock valued at $9,137,000 after buying an additional 33,839 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Eaton Vance Limited Duration Income Fund by 92.9% in the first quarter. Jane Street Group LLC now owns 35,811 shares of the company’s stock worth $357,000 after buying an additional 17,246 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Eaton Vance Limited Duration Income Fund by 3.1% during the 2nd quarter. Baird Financial Group Inc. now owns 153,408 shares of the company’s stock worth $1,574,000 after acquiring an additional 4,544 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Eaton Vance Limited Duration Income Fund by 11.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,005,680 shares of the company’s stock valued at $41,100,000 after acquiring an additional 396,370 shares during the last quarter.

Eaton Vance Limited Duration Income Fund Company Profile

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.