Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Update

by · The Cerbat Gem

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 374,215 shares, an increase of 2,791.9% from the March 15th total of 12,940 shares. Based on an average daily volume of 42,280 shares, the short-interest ratio is presently 8.9 days. Currently, 1.4% of the company’s shares are sold short.

Eaton Vance Floating Rate ETF Trading Down 0.0%

EVLN stock traded down $0.01 during mid-day trading on Friday, reaching $48.37. 117,321 shares of the stock traded hands, compared to its average volume of 73,841. Eaton Vance Floating Rate ETF has a one year low of $48.08 and a one year high of $50.28. The business has a 50-day moving average price of $48.61 and a two-hundred day moving average price of $49.27.

Eaton Vance Floating Rate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors 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.

Institutional Trading of Eaton Vance Floating Rate ETF

Several institutional investors have recently added to or reduced their stakes in EVLN. Flow Traders U.S. LLC bought a new position in shares of Eaton Vance Floating Rate ETF during the third quarter valued at approximately $1,174,000. Eldridge Investment Advisors Inc. lifted 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 worth $9,399,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Eaton Vance Floating Rate ETF during the 3rd quarter valued at $27,435,000.

Eaton Vance Floating Rate ETF Company Profile

(Get Free Report)

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.

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