Eaton Vance High Yield ETF (NYSEARCA:EVHY) Short Interest Up 671.2% in April

Eaton Vance High Yield ETF (NYSEARCA:EVHY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 4,234 shares, a growth of 671.2% from the March 31st total of 549 shares. Based on an average trading volume of 2,901 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.6% of the shares of the stock are sold short.

Eaton Vance High Yield ETF Trading Up 0.1%

EVHY traded up $0.05 on Friday, reaching $52.64. The company had a trading volume of 2,206 shares, compared to its average volume of 3,694. The business has a 50 day simple moving average of $52.47 and a 200 day simple moving average of $52.94. Eaton Vance High Yield ETF has a 52-week low of $48.57 and a 52-week high of $53.63.

Eaton Vance High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were issued a $0.2463 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 5.6%.

About Eaton Vance High Yield ETF

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.