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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 49,180 shares, a drop of 16.7% from the February 12th total of 59,025 shares. Based on an average daily volume of 112,130 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 112,130 shares, the days-to-cover ratio is presently 0.4 days.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT traded up $0.02 on Wednesday, hitting $10.76. The company had a trading volume of 67,204 shares, compared to its average volume of 121,892. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.44 and a 12-month high of $12.67. The business has a 50 day moving average of $11.22 and a two-hundred day moving average of $11.45.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.073 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

A number of large investors have recently added to or reduced their stakes in EFT. Gould Capital LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 93.7% in the 4th quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after buying an additional 1,360 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth about $56,000. MeadowBrook Investment Advisors LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 33.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock worth $64,000 after acquiring an additional 1,350 shares in the last quarter. Advisory Services Network LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $69,000. Finally, Comerica Bank grew its stake in Eaton Vance Floating-Rate Income Trust by 12.4% during the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 883 shares in the last quarter.

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.