Eaton Vance Corporation (EV) : The traders have covered their outstanding shorts in Eaton Vance Corporation (EV) to the tune of -238,919 shares, a change of -3.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,236,302 shares, however, by August 15, 2016, the shorts had reduced to 6,997,383 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 6.4% of the free float of the stock. It takes 13 days to cover the outstanding short positions. The stock has an average daily volume of 555,220 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Eaton Vance Corporation (NYSE:EV): The stock opened at $39.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $39.93 for the day. The stock traded down to $39.50 during the day, due to lack of any buying support eventually closed down at $39.61 with a loss of -0.53% for the day. The stock had closed at $39.82 on the previous day. The total traded volume was 451,292 shares.
In a related news, Smith Winthrop H Jr, director of Eaton Vance Corp, unloaded 8,197 shares at an average price of $37.2 on June 23, 2016. The total amount of the transaction was worth $304,928, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Companys principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity, income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity, alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.