Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Increases By 228.0%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 9,500 shares, a growth of 228.0% from the April 15th total of 2,896 shares. Based on an average daily volume of 151,556 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR traded up $0.01 during midday trading on Thursday, hitting $10.50. 180,400 shares of the company were exchanged, compared to its average volume of 143,822. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.11 and a 1-year high of $12.21. The company’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $10.89.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth approximately $112,000. Fifth Third Bancorp purchased a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth approximately $125,000. Cetera Investment Advisers purchased a new position in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth approximately $130,000. Comerica Bank lifted its stake in Eaton Vance Senior Floating-Rate Trust by 118.8% in the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after purchasing an additional 6,534 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth approximately $142,000.

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.