Eaton Vance High Yield ETF (NYSEARCA:EVHY) Short Interest Down 15.6% in February

Eaton Vance High Yield ETF (NYSEARCA:EVHY) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 10,389 shares, a decrease of 15.6% from the January 29th total of 12,305 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 7,133 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 7,133 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.6% of the shares of the company are sold short.

Eaton Vance High Yield ETF Trading Up 0.2%

NYSEARCA:EVHY traded up $0.12 on Wednesday, hitting $52.78. The stock had a trading volume of 1,750 shares, compared to its average volume of 5,261. The business’s 50-day simple moving average is $53.06 and its two-hundred day simple moving average is $53.22. Eaton Vance High Yield ETF has a 52-week low of $50.26 and a 52-week high of $53.63.

Eaton Vance High Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Friday, February 27th will be given a dividend of $0.2463 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, February 27th.

About Eaton Vance High Yield ETF

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.