Short Interest in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Declines By 16.6%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 205,811 shares, a drop of 16.6% from the December 31st total of 246,687 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 87,977 shares, the short-interest ratio is currently 2.3 days. Based on an average trading volume of 87,977 shares, the short-interest ratio is currently 2.3 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Trading of Eaton Vance Floating Rate ETF

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC bought a new position in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,645 shares of the company’s stock, valued at approximately $1,174,000. Flow Traders U.S. LLC owned approximately 0.08% of Eaton Vance Floating Rate ETF at the end of the most recent quarter.

Eaton Vance Floating Rate ETF Stock Performance

NYSEARCA:EVLN traded down $0.09 during mid-day trading on Wednesday, reaching $49.17. The stock had a trading volume of 259,407 shares, compared to its average volume of 98,088. Eaton Vance Floating Rate ETF has a 12 month low of $48.21 and a 12 month high of $50.58. The stock has a 50-day simple moving average of $49.55 and a two-hundred day simple moving average of $49.72.

Eaton Vance Floating Rate ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.2892 per share. This is an increase from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Eaton Vance Floating Rate ETF Company Profile

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.