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

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 277,429 shares, an increase of 34.8% from the January 15th total of 205,811 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 97,889 shares, the short-interest ratio is currently 2.8 days. Based on an average daily trading volume, of 97,889 shares, the short-interest ratio is currently 2.8 days. Currently, 1.0% of the company’s stock are short sold.

Eaton Vance Floating Rate ETF Trading Down 0.2%

Shares of NYSEARCA EVLN traded down $0.08 during mid-day trading on Monday, reaching $48.89. 92,699 shares of the company were exchanged, compared to its average volume of 95,133. Eaton Vance Floating Rate ETF has a 1 year low of $48.21 and a 1 year high of $50.44. The firm has a 50-day moving average of $49.45 and a 200 day moving average of $49.65.

Eaton Vance Floating Rate ETF Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Eldridge Investment Advisors Inc. boosted its stake in Eaton Vance Floating Rate ETF by 0.6% in the fourth 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 in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Floating Rate ETF during the third quarter worth $1,174,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Eaton Vance Floating Rate ETF during the 3rd quarter valued at $27,435,000.

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.