Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Short Interest Up 135.3% in March

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 32,000 shares, an increase of 135.3% from the February 28th total of 13,600 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 37,100 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eaton Vance Short Duration Income ETF stock. Janney Montgomery Scott LLC lifted its position in shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) by 54.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,826 shares of the company’s stock after acquiring an additional 5,935 shares during the quarter. Janney Montgomery Scott LLC owned 0.39% of Eaton Vance Short Duration Income ETF worth $849,000 at the end of the most recent quarter.

Eaton Vance Short Duration Income ETF Stock Performance

Shares of NASDAQ EVSD opened at $50.99 on Friday. Eaton Vance Short Duration Income ETF has a one year low of $49.68 and a one year high of $51.27. The company’s fifty day moving average is $50.77 and its two-hundred day moving average is $50.68.

Eaton Vance Short Duration Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 28th were issued a dividend of $0.1927 per share. The ex-dividend date was Friday, February 28th.

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.