Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Shares Shorted: Short Interest Down 57.7% in October

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 21,154 shares, a decrease of 57.7% from the September 30th total of 49,991 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 95,955 shares, the short-interest ratio is presently 0.2 days.

Eaton Vance Floating Rate ETF Trading Down 0.8%

NYSEARCA EVLN traded down $0.41 on Friday, hitting $48.15. The company’s stock had a trading volume of 71,486 shares, compared to its average volume of 87,601. Eaton Vance Floating Rate ETF has a 52-week low of $47.99 and a 52-week high of $49.76. The company’s 50-day simple moving average is $48.59 and its 200 day simple moving average is $48.73.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in Eaton Vance Floating Rate ETF in the 2nd quarter worth $113,000. Oxbow Advisors LLC bought a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $122,000. Fund Advisors of America Inc FL bought a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $162,000. HBK Sorce Advisory LLC bought a new stake in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $206,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Eaton Vance Floating Rate ETF during the second quarter valued at about $453,000.

Eaton Vance Floating Rate ETF Company Profile

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.