Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Drop in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 9,409 shares, a decline of 70.7% from the September 30th total of 32,073 shares. Based on an average daily volume of 340,895 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Hedge funds have recently modified their holdings of the stock. Prism Advisors Inc. purchased a new position in Eaton Vance Short Duration Income ETF during the first quarter valued at $15,230,000. Bank of America Corp DE bought a new stake in Eaton Vance Short Duration Income ETF in the 2nd quarter valued at $297,000. Equitable Holdings Inc. bought a new stake in Eaton Vance Short Duration Income ETF in the 2nd quarter valued at $691,000. Studio Investment Management LLC purchased a new stake in Eaton Vance Short Duration Income ETF in the 3rd quarter worth $517,000. Finally, Farther Finance Advisors LLC purchased a new stake in Eaton Vance Short Duration Income ETF in the 3rd quarter worth $110,000.

Eaton Vance Short Duration Income ETF Stock Performance

EVSD stock opened at $50.19 on Wednesday. Eaton Vance Short Duration Income ETF has a 1-year low of $49.73 and a 1-year high of $51.72. The business has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $50.92.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.2073 per share. The ex-dividend date was Wednesday, September 30th. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. This represents a $2.49 annualized dividend and a dividend yield of 5.0%.

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.