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Eaton Vance High Yield ETF (NYSEARCA:EVHY - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,874 shares, an increase of 28.9% from the November 30th total of 3,006 shares. Based on an average daily volume of
Eaton Vance has expanded its active fixed-income offerings with the launch of a mortgage-backed securities (MBS) ETF. Listed on NYSE Arca, the Eaton Vance Mortgage Opportunities ETF (EVMO) was created through the conversion of the Morgan Stanley Mortgage Securities Trust (MTGDX) mutual fund.
Investors increasingly seek refuge in bonds at the end of the first quarter as economic uncertainty grows. With recession and inflation risks on the rise, bonds hold strong appeal for their low correlations to equities.
High yield bond strategies have proven to be far more resilient than investors may have expected them to be. Before the new year began, concerns over economic uncertainty led some traders to move their fixed income assets toward investment-grade options.
Through most of the year, high-yield bonds have enjoyed a good run as an attractive means for locking in strong income. Even though the overall outlook for 2025 may seem murky, the environment still could support investing in junk bonds.
Now that the Fed's interest rate cutting cycle has finally begun, investors should take a moment to reassess their fixed income portfolios. Given that bond yields still remain highly competitive, investors have a good opportunity to take advantage of stronger bond exposure before yields drop.
With a potential rate cut from the Federal Reserve approaching, investors would do well to assess their bond portfolio. High yield bonds, also known as junk bonds, have generally had a strong year so far, buoyed by continued growth in the economy.
Flows into fixed income ETFs continue this week on interest rate cut hopes. Investors looking to increase allocations to their bond portfolio would do well to consider the actively managed fixed income ETF suite from Eaton Vance.
SEC filings for EVHY aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.