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

by · The Cerbat Gem

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 29,050 shares, a decrease of 45.0% from the January 15th total of 52,834 shares. Based on an average trading volume of 105,063 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 105,063 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

A number of hedge funds have recently made changes to their positions in EFT. Wolverine Asset Management LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 71.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 118,915 shares of the investment management company’s stock valued at $1,400,000 after purchasing an additional 49,461 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 8.7% during the third quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock valued at $6,626,000 after buying an additional 45,242 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 22.9% during the second quarter. HBK Sorce Advisory LLC now owns 35,846 shares of the investment management company’s stock valued at $447,000 after acquiring an additional 6,688 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its holdings in Eaton Vance Floating-Rate Income Trust by 55.0% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock worth $51,000 after acquiring an additional 1,450 shares during the last quarter. Finally, Retirement Planning Group LLC NY purchased a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $301,000.

Eaton Vance Floating-Rate Income Trust Trading Up 0.0%

Shares of EFT traded up $0.01 on Friday, reaching $11.35. The stock had a trading volume of 41,037 shares, compared to its average volume of 115,588. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.44 and a 12-month high of $13.35. The company has a 50-day simple moving average of $11.39 and a 200-day simple moving average of $11.65.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.086 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

About Eaton Vance Floating-Rate Income Trust

(Get Free Report)

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.

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