Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Increase in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 14,500 shares, a growth of 663.2% from the September 30th total of 1,900 shares. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Floating Rate ETF Price Performance

Shares of NYSEARCA:EVLN opened at $49.71 on Tuesday. Eaton Vance Floating Rate ETF has a 1-year low of $48.21 and a 1-year high of $50.74. The company’s fifty day moving average is $49.80 and its two-hundred day moving average is $49.78.

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.