Short Interest in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Grows By 141.1%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 12,940 shares, an increase of 141.1% from the February 26th total of 5,367 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 55,073 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Eaton Vance Floating Rate ETF

Several institutional investors and hedge funds have recently modified their holdings of EVLN. Flow Traders U.S. LLC purchased a new stake in Eaton Vance Floating Rate ETF in the 3rd quarter worth approximately $1,174,000. Eldridge Investment Advisors Inc. increased its stake in shares of Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Eaton Vance Floating Rate ETF during the 3rd quarter worth about $27,435,000.

Eaton Vance Floating Rate ETF Price Performance

Eaton Vance Floating Rate ETF stock opened at $48.52 on Thursday. Eaton Vance Floating Rate ETF has a fifty-two week low of $48.08 and a fifty-two week high of $50.28. The stock’s fifty day moving average is $48.88 and its two-hundred day moving average is $49.38.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 27th were issued a dividend of $0.2424 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date was Friday, February 27th.

About Eaton Vance Floating Rate ETF

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.