Short Interest in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Increases By 34.8%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 277,429 shares, an increase of 34.8% from the January 15th total of 205,811 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 97,889 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 97,889 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Trading of Eaton Vance Floating Rate ETF

Institutional investors have recently modified their holdings of the company. Eldridge Investment Advisors Inc. raised its stake in shares of Eaton Vance Floating Rate ETF by 0.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after purchasing an additional 1,102 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Floating Rate ETF in the 3rd quarter valued at $1,174,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Eaton Vance Floating Rate ETF in the 3rd quarter valued at $27,435,000.

Eaton Vance Floating Rate ETF Stock Down 0.2%

Shares of EVLN traded down $0.08 during trading hours on Friday, reaching $48.89. 92,699 shares of the company traded hands, compared to its average volume of 95,133. The stock’s fifty day moving average is $49.46 and its 200 day moving average is $49.66. Eaton Vance Floating Rate ETF has a 1-year low of $48.21 and a 1-year high of $50.44.

Eaton Vance Floating Rate ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were issued a $0.2892 dividend. This is a positive change from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 7.1%.

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.