Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Significant Growth in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 309,863 shares, an increase of 30.2% from the November 30th total of 237,966 shares. Based on an average daily volume of 65,803 shares, the short-interest ratio is presently 4.7 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 65,803 shares, the short-interest ratio is presently 4.7 days.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

A hedge fund recently bought a new stake in Eaton Vance Floating Rate ETF stock. Ameriprise Financial Inc. bought a new stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 552,321 shares of the company’s stock, valued at approximately $27,435,000. Ameriprise Financial Inc. owned about 1.85% of Eaton Vance Floating Rate ETF at the end of the most recent quarter.

Eaton Vance Floating Rate ETF Stock Performance

Shares of Eaton Vance Floating Rate ETF stock remained flat at $49.47 during trading hours on Tuesday. 106,732 shares of the stock were exchanged, compared to its average volume of 103,605. The business’s 50 day moving average price is $49.62 and its 200 day moving average price is $49.81. Eaton Vance Floating Rate ETF has a one year low of $48.21 and a one year high of $50.70.

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.