Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declines By 57.6%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 86,256 shares, a decline of 57.6% from the May 31st total of 203,297 shares. Based on an average trading volume of 83,761 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Institutional investors have recently modified their holdings of the company. Comerica Bank lifted its position in Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after purchasing an additional 883 shares during the period. NewEdge Advisors LLC boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 0.9% during the 3rd quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock valued at $1,456,000 after acquiring an additional 1,105 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 10.3% in the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 1,251 shares during the period. Gould Capital LLC lifted its stake in Eaton Vance Floating-Rate Income Trust by 93.7% during the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,360 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in Eaton Vance Floating-Rate Income Trust by 15.9% during the third quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 1,604 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

Eaton Vance Floating-Rate Income Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $10.81. The company had a trading volume of 112,506 shares, compared to its average volume of 113,900. The company has a 50 day moving average of $10.82 and a 200-day moving average of $11.01. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.34 and a 52 week high of $12.67.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.067 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, June 15th.

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.