Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Shares Shorted: Short Interest Down 78.1% in September

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 32,128 shares, a drop of 78.1% from the September 15th total of 146,561 shares. Based on an average daily volume of 938,026 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in Eaton Vance Limited Duration Income Fund by 2.4% during the second quarter. NewEdge Advisors LLC now owns 251,894 shares of the company’s stock worth $2,360,000 after acquiring an additional 5,893 shares during the last quarter. Baird Financial Group Inc. raised its position in Eaton Vance Limited Duration Income Fund by 11.5% during the second quarter. Baird Financial Group Inc. now owns 226,485 shares of the company’s stock valued at $2,122,000 after purchasing an additional 23,411 shares during the period. Readystate Asset Management LP purchased a new stake in Eaton Vance Limited Duration Income Fund during the second quarter valued at approximately $291,000. Fortitude Advisory Group L.L.C. lifted its stake in shares of Eaton Vance Limited Duration Income Fund by 5.5% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 36,756 shares of the company’s stock valued at $344,000 after purchasing an additional 1,932 shares during the last quarter. Finally, Advisory Solutions Group LLC bought a new stake in shares of Eaton Vance Limited Duration Income Fund in the 2nd quarter valued at approximately $236,000.

Eaton Vance Limited Duration Income Fund Stock Performance

Shares of NYSEAMERICAN:EVV traded up $0.02 on Friday, reaching $8.44. The company’s stock had a trading volume of 736,646 shares, compared to its average volume of 414,348. Eaton Vance Limited Duration Income Fund has a 52-week low of $8.31 and a 52-week high of $10.23. The company has a 50-day simple moving average of $8.86 and a 200 day simple moving average of $9.16.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, October 26th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0668 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 9.5%. This is a negative change from Eaton Vance Limited Duration Income Fund’s previous monthly dividend of $0.0695.

About Eaton Vance Limited Duration Income Fund

Eaton Vance Limited Duration Income Fund (NYSE American: EVV) is a closed-end investment fund managed by Eaton Vance Management. The fund seeks to provide a high level of current income while maintaining a portfolio with limited interest-rate duration, which can help reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The fund invests primarily in a diversified portfolio of income-producing debt securities. Its investments may include corporate bonds, below-investment-grade securities, mortgage-backed securities, asset-backed securities, government and sovereign debt, and other fixed-income instruments.