Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 213,300 shares, a decline of 5.9% from the October 15th total of 226,600 shares. Based on an average daily volume of 91,800 shares, the short-interest ratio is presently 2.3 days.

Eaton Vance Floating-Rate Income Trust Price Performance

EFT opened at $13.36 on Tuesday. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.02 and a 1 year high of $13.88. The firm has a 50 day moving average price of $13.02 and a 200 day moving average price of $13.23.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.103 dividend. This represents a $1.24 annualized dividend and a dividend yield of 9.25%. The ex-dividend date is Thursday, November 21st.

Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc purchased a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $341,000. Benjamin Edwards Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at about $367,000. Walleye Capital LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at about $276,000. Horizon Kinetics Asset Management LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $155,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $178,000.

About Eaton Vance Floating-Rate Income Trust

(Get Free Report)

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.

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