Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Significant Drop in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 101,700 shares, a decrease of 13.7% from the February 13th total of 117,900 shares. Based on an average daily volume of 288,300 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Eaton Vance Limited Duration Income Fund in the fourth quarter worth about $33,000. Avior Wealth Management LLC bought a new stake in shares of Eaton Vance Limited Duration Income Fund in the 3rd quarter worth approximately $58,000. Spire Wealth Management acquired a new stake in Eaton Vance Limited Duration Income Fund during the fourth quarter valued at approximately $76,000. Apollon Wealth Management LLC bought a new stake in Eaton Vance Limited Duration Income Fund during the fourth quarter worth approximately $100,000. Finally, Ellis Investment Partners LLC acquired a new position in Eaton Vance Limited Duration Income Fund in the fourth quarter worth approximately $101,000.

Eaton Vance Limited Duration Income Fund Price Performance

Shares of EVV opened at $10.10 on Friday. The firm has a 50-day moving average of $10.07. Eaton Vance Limited Duration Income Fund has a 52-week low of $9.22 and a 52-week high of $10.55.

Eaton Vance Limited Duration Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 13th will be issued a $0.0739 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Eaton Vance Limited Duration Income Fund’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a dividend yield of 8.78%.

About Eaton Vance Limited Duration Income Fund

Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, government agency mortgage-backed securities, and corporate bonds that are rated below investment grade.