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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 34,511 shares, a growth of 1,158.6% from the November 30th total of 2,742 shares. Based on an average daily volume of 186,798 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 186,798 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. lifted its stake 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 acquiring an additional 63,716 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 8.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock worth $6,626,000 after purchasing an additional 45,242 shares during the period. Invesco Ltd. boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 5.0% during the 3rd quarter. Invesco Ltd. now owns 528,774 shares of the investment management company’s stock valued at $6,224,000 after purchasing an additional 25,116 shares in the last quarter. Polar Asset Management Partners Inc. increased its position in shares of Eaton Vance Floating-Rate Income Trust by 2.2% during the third quarter. Polar Asset Management Partners Inc. now owns 424,306 shares of the investment management company’s stock valued at $4,994,000 after buying an additional 9,251 shares during the period. Finally, Ethos Financial Group LLC raised its stake in Eaton Vance Floating-Rate Income Trust by 1.1% in the third quarter. Ethos Financial Group LLC now owns 227,057 shares of the investment management company’s stock worth $2,672,000 after buying an additional 2,420 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.2%

Shares of NYSE:EFT traded up $0.02 during trading on Wednesday, hitting $11.33. 135,652 shares of the company were exchanged, compared to its average volume of 105,025. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.44 and a 52-week high of $13.61. The stock has a 50 day moving average of $11.40 and a 200 day moving average of $11.89.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th will be paid a $0.086 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 9.1%. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08.

Eaton Vance Floating-Rate Income Trust Company Profile

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.