Short Interest in Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Drops By 35.3%

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 363,703 shares, a decline of 35.3% from the August 15th total of 561,971 shares. Based on an average daily volume of 399,245 shares, the days-to-cover ratio is presently 0.9 days.

Eaton Vance Limited Duration Income Fund Stock Performance

Shares of EVV opened at $8.68 on Friday. Eaton Vance Limited Duration Income Fund has a 12 month low of $8.63 and a 12 month high of $10.26. The stock has a fifty day moving average price of $9.09 and a 200 day moving average price of $9.27.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be given a dividend of $0.0695 per share. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 9.6%.

Institutional Trading of Eaton Vance Limited Duration Income Fund

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in shares of Eaton Vance Limited Duration Income Fund during the second quarter valued at approximately $2,401,000. Cetera Investment Advisers lifted its position in Eaton Vance Limited Duration Income Fund by 15.1% in the first quarter. Cetera Investment Advisers now owns 933,420 shares of the company’s stock worth $8,821,000 after purchasing an additional 122,470 shares during the period. Rockefeller Capital Management L.P. lifted its position in Eaton Vance Limited Duration Income Fund by 430.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 98,815 shares of the company’s stock worth $979,000 after purchasing an additional 80,188 shares during the period. Independent Financial Group LLC acquired a new stake in Eaton Vance Limited Duration Income Fund in the first quarter worth approximately $730,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance Limited Duration Income Fund during the 2nd quarter valued at $708,000.

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.