Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update
by Amy Steele · The Cerbat GemEaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 230,498 shares, an increase of 243.1% from the April 30th total of 67,174 shares. Based on an average daily trading volume, of 115,188 shares, the short-interest ratio is presently 2.0 days.
Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust
A number of hedge funds have recently added to or reduced their stakes in EFT. Invesco Ltd. boosted its holdings in Eaton Vance Floating-Rate Income Trust by 22.7% in the second quarter. Invesco Ltd. now owns 503,658 shares of the investment management company’s stock worth $6,286,000 after purchasing an additional 93,272 shares during the period. NewEdge Advisors LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 6,028.1% in the second quarter. NewEdge Advisors LLC now owns 122,562 shares of the investment management company’s stock worth $1,530,000 after purchasing an additional 120,562 shares during the period. Raymond James Financial Inc. boosted its holdings in Eaton Vance Floating-Rate Income Trust by 8.3% in the second quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock worth $10,360,000 after purchasing an additional 63,716 shares during the period. Jane Street Group LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the second quarter worth $218,000. Finally, Ameriprise Financial Inc. boosted its holdings in Eaton Vance Floating-Rate Income Trust by 29.0% in the second quarter. Ameriprise Financial Inc. now owns 44,684 shares of the investment management company’s stock worth $558,000 after purchasing an additional 10,032 shares during the period.
Eaton Vance Floating-Rate Income Trust Stock Down 0.0%
Shares of NYSE:EFT traded down $0.01 during midday trading on Friday, reaching $10.91. The company had a trading volume of 103,504 shares, compared to its average volume of 121,661. The stock’s fifty day moving average price is $10.80 and its 200-day moving average price is $11.11. Eaton Vance Floating-Rate Income Trust has a one year low of $10.34 and a one year high of $12.67.
Eaton Vance Floating-Rate Income Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.07 dividend. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Friday, May 15th.
About Eaton Vance Floating-Rate Income Trust
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.