Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 64.8% in May

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,343 shares, a drop of 64.8% from the April 30th total of 9,500 shares. Based on an average daily volume of 123,605 shares, the days-to-cover ratio is presently 0.0 days.

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

Institutional investors have recently bought and sold shares of the business. 1607 Capital Partners LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter valued at $3,799,000. Readystate Asset Management LP boosted its position in Eaton Vance Senior Floating-Rate Trust by 271.9% during the 3rd quarter. Readystate Asset Management LP now owns 206,070 shares of the company’s stock worth $2,357,000 after purchasing an additional 150,659 shares during the period. Advisors Asset Management Inc. increased its holdings in Eaton Vance Senior Floating-Rate Trust by 8.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 573,268 shares of the company’s stock valued at $6,558,000 after purchasing an additional 46,830 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Eaton Vance Senior Floating-Rate Trust by 41.7% in the 4th quarter. Wolverine Asset Management LLC now owns 245,318 shares of the company’s stock valued at $2,733,000 after purchasing an additional 72,213 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the first quarter valued at about $142,000.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of NYSE EFR traded down $0.03 during midday trading on Friday, hitting $10.52. The stock had a trading volume of 120,825 shares, compared to its average volume of 142,539. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.11 and a 1-year high of $12.21. The company has a fifty day moving average price of $10.47 and a 200 day moving average price of $10.83.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.067 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Friday, May 15th.

About Eaton Vance Senior Floating-Rate Trust

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.