Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Large Drop in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 18,591 shares, a drop of 77.0% from the June 15th total of 80,921 shares. Based on an average daily trading volume, of 377,403 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

A number of large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. grew its holdings in Eaton Vance Limited Duration Income Fund by 0.7% in the 4th quarter. Sit Investment Associates Inc. now owns 6,460,942 shares of the company’s stock valued at $64,028,000 after buying an additional 44,239 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Eaton Vance Limited Duration Income Fund by 2.6% during the third quarter. Ameriprise Financial Inc. now owns 4,109,773 shares of the company’s stock worth $41,718,000 after buying an additional 104,093 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Eaton Vance Limited Duration Income Fund by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 1,762,567 shares of the company’s stock worth $17,467,000 after buying an additional 28,303 shares in the last quarter. Invesco Ltd. grew its stake in shares of Eaton Vance Limited Duration Income Fund by 6.5% in the third quarter. Invesco Ltd. now owns 1,474,071 shares of the company’s stock valued at $14,962,000 after acquiring an additional 90,501 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Eaton Vance Limited Duration Income Fund by 1.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock worth $10,152,000 after acquiring an additional 13,216 shares during the period.

Eaton Vance Limited Duration Income Fund Price Performance

Shares of EVV stock opened at $9.33 on Tuesday. Eaton Vance Limited Duration Income Fund has a 52 week low of $8.97 and a 52 week high of $10.41. The company has a 50-day simple moving average of $9.31 and a 200 day simple moving average of $9.56.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Tuesday, July 14th will be given a $0.0706 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 9.1%.

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.