Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw unusually-high trading volume on Thursday. 667,038 shares traded hands during trading, an increase of 281% from the previous session’s volume of 175,201 shares. The stock last traded at $50.0350 and had previously closed at $49.90.

Eaton Vance Short Duration Income ETF Price Performance

The stock’s 50-day moving average price is $50.40 and its two-hundred day moving average price is $50.76.

Eaton Vance Short Duration Income ETF Increases Dividend

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

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at about $110,000. Janney Montgomery Scott LLC lifted its stake in shares of Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after buying an additional 7,623 shares in the last quarter. Studio Investment Management LLC bought a new position in shares of Eaton Vance Short Duration Income ETF in the second quarter worth approximately $391,000. First American Bank bought a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter worth approximately $571,000. Finally, Bank of America Corp DE purchased a new stake in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $297,000.

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.