Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 27.7% in December

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 19,309 shares, a decrease of 27.7% from the December 15th total of 26,706 shares. Based on an average daily trading volume, of 248,497 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 248,497 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of Eaton Vance Senior Floating-Rate Trust stock traded down $0.01 during trading on Monday, hitting $11.23. 76,253 shares of the stock traded hands, compared to its average volume of 110,778. The stock’s fifty day simple moving average is $11.15 and its 200 day simple moving average is $11.46. Eaton Vance Senior Floating-Rate Trust has a 52-week low of $10.40 and a 52-week high of $13.38.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a $0.077 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th.

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

Several institutional investors have recently bought and sold shares of EFR. Cetera Investment Advisers acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter worth $130,000. Comerica Bank grew its stake in Eaton Vance Senior Floating-Rate Trust by 118.8% during the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after buying an additional 6,534 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 3rd quarter valued at about $150,000. AEGON USA Investment Management LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 2nd quarter valued at about $179,000. Finally, Virtu Financial LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the third quarter valued at about $179,000.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.