Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

by · The Markets Daily

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 9,348 shares, a drop of 72.9% from the December 15th total of 34,511 shares. Based on an average daily volume of 190,368 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 190,368 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in Eaton Vance Floating-Rate Income Trust during the 2nd quarter valued at about $42,000. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 55.0% in the second quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 1,450 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $69,000. Comerica Bank increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 12.4% during the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 883 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in Eaton Vance Floating-Rate Income Trust by 15.9% during the third quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock worth $137,000 after purchasing an additional 1,604 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.0%

NYSE EFT traded up $0.01 on Tuesday, hitting $11.55. 234,368 shares of the stock traded hands, compared to its average volume of 131,371. The stock has a 50-day moving average of $11.36 and a 200 day moving average of $11.81. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.44 and a twelve month high of $13.61.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.086 per share. This represents a c) annualized dividend and a yield of 8.9%. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. The ex-dividend date is Tuesday, December 30th.

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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