Eaton Vance Ltd Duration Income Fund (NYSEAMERICAN:EVV) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 288,375 shares, a growth of 427.7% from the December 14th total of 54,652 shares. Based on an average trading volume of 732,405 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.
In other news, major shareholder Group Ag Ubs sold 94,595 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $11.87, for a total value of $1,122,842.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several institutional investors and hedge funds have recently made changes to their positions in EVV. Saba Capital Management L.P. lifted its stake in shares of Eaton Vance Ltd Duration Income Fund by 70.9% in the 2nd quarter. Saba Capital Management L.P. now owns 2,245,455 shares of the company’s stock valued at $28,248,000 after acquiring an additional 931,863 shares during the last quarter. BlackRock Inc. acquired a new stake in Eaton Vance Ltd Duration Income Fund in the second quarter valued at $2,219,000. Wells Fargo & Company MN increased its holdings in Eaton Vance Ltd Duration Income Fund by 16.2% in the third quarter. Wells Fargo & Company MN now owns 819,459 shares of the company’s stock valued at $10,391,000 after purchasing an additional 114,000 shares during the period. First Foundation Advisors increased its holdings in Eaton Vance Ltd Duration Income Fund by 47.7% in the third quarter. First Foundation Advisors now owns 345,843 shares of the company’s stock valued at $4,385,000 after purchasing an additional 111,669 shares during the period. Finally, Morgan Stanley increased its holdings in Eaton Vance Ltd Duration Income Fund by 1.4% in the third quarter. Morgan Stanley now owns 7,137,264 shares of the company’s stock valued at $90,500,000 after purchasing an additional 100,303 shares during the period.
Shares of EVV opened at $12.24 on Friday. Eaton Vance Ltd Duration Income Fund has a 52 week low of $11.28 and a 52 week high of $13.60.
The company also recently declared a monthly dividend, which was paid on Thursday, January 10th. Stockholders of record on Friday, December 28th were paid a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Thursday, December 27th.
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About Eaton Vance Ltd 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.
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