Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Significant Growth in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 135,508 shares, a growth of 540.6% from the October 15th total of 21,154 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 154,373 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Eaton Vance Floating Rate ETF

A number of hedge funds have recently added to or reduced their stakes in EVLN. Vestor Capital LLC acquired a new stake in Eaton Vance Floating Rate ETF during the third quarter valued at $148,000. Sanctuary Advisors LLC purchased a new position in Eaton Vance Floating Rate ETF in the second quarter valued at $113,000. Oxbow Advisors LLC purchased a new position in Eaton Vance Floating Rate ETF in the second quarter valued at $122,000. Fund Advisors of America Inc FL purchased a new position in Eaton Vance Floating Rate ETF in the second quarter valued at $162,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Eaton Vance Floating Rate ETF in the second quarter worth about $206,000.

Eaton Vance Floating Rate ETF Stock Up 0.0%

Shares of NYSEARCA EVLN opened at $48.41 on Wednesday. The firm’s 50 day simple moving average is $48.48 and its 200-day simple moving average is $48.68. Eaton Vance Floating Rate ETF has a 12 month low of $47.99 and a 12 month high of $49.76.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.