Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Short Interest Down 82.3% in May

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 12,651 shares, a drop of 82.3% from the April 30th total of 71,577 shares. Based on an average daily volume of 133,007 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Studio Investment Management LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF in the fourth quarter worth about $208,000. Nemes Rush Group LLC increased its holdings in shares of Eaton Vance Short Duration Income ETF by 3.6% in the fourth quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after buying an additional 6,833 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after buying an additional 7,623 shares during the period. First American Bank purchased a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter worth about $571,000. Finally, Eldridge Investment Advisors Inc. increased its holdings in shares of Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after buying an additional 33,145 shares during the period.

Eaton Vance Short Duration Income ETF Trading Down 0.3%

NASDAQ EVSD traded down $0.14 during trading hours on Friday, reaching $50.96. 93,731 shares of the stock traded hands, compared to its average volume of 164,891. The stock has a 50 day simple moving average of $51.06 and a two-hundred day simple moving average of $51.33. Eaton Vance Short Duration Income ETF has a 1 year low of $50.73 and a 1 year high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, May 29th will be issued a $0.1944 dividend. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, May 29th.

About Eaton Vance Short Duration Income ETF

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.