Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Declines By 53.9%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 60,628 shares, a decline of 53.9% from the May 31st total of 131,397 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 143,745 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EVSD. Prism Advisors Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the first quarter valued at approximately $15,230,000. Janney Montgomery Scott LLC increased its stake in Eaton Vance Short Duration Income ETF by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after acquiring an additional 7,623 shares during the period. First American Bank bought a new position in Eaton Vance Short Duration Income ETF during the 1st quarter worth $571,000. Eldridge Investment Advisors Inc. raised its holdings in Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after acquiring an additional 33,145 shares in the last quarter. Finally, Nemes Rush Group LLC raised its holdings in Eaton Vance Short Duration Income ETF by 3.6% in the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock valued at $10,091,000 after acquiring an additional 6,833 shares in the last quarter.

Eaton Vance Short Duration Income ETF Trading Down 0.5%

Shares of EVSD stock traded down $0.23 on Tuesday, hitting $50.87. The company’s stock had a trading volume of 105,127 shares, compared to its average volume of 158,877. Eaton Vance Short Duration Income ETF has a fifty-two week low of $50.80 and a fifty-two week high of $51.72. The stock’s 50 day moving average is $51.01 and its 200-day moving average is $51.25.

Eaton Vance Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 29th were given a dividend of $0.1944 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, May 29th. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.19.

Eaton Vance Short Duration Income ETF Company Profile

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.