Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 49.7% in June

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 43,364 shares, a decrease of 49.7% from the June 15th total of 86,256 shares. Based on an average daily volume of 68,524 shares, the short-interest ratio is currently 0.6 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of Eaton Vance Floating-Rate Income Trust stock traded down $0.05 during midday trading on Friday, reaching $10.67. The company had a trading volume of 28,755 shares, compared to its average volume of 108,606. The stock has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $10.96. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.34 and a 1-year high of $12.62.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.066 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

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

Large investors have recently made changes to their positions in the company. Shaker Financial Services LLC lifted its position in Eaton Vance Floating-Rate Income Trust by 423.5% during the 4th quarter. Shaker Financial Services LLC now owns 67,012 shares of the investment management company’s stock valued at $762,000 after purchasing an additional 54,212 shares during the period. Wolverine Asset Management LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 77.2% during the 4th quarter. Wolverine Asset Management LLC now owns 210,659 shares of the investment management company’s stock worth $2,378,000 after buying an additional 91,744 shares during the period. 1607 Capital Partners LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 994.3% during the 4th quarter. 1607 Capital Partners LLC now owns 799,921 shares of the investment management company’s stock worth $9,031,000 after buying an additional 726,821 shares during the period. Susquehanna International Group LLP raised its stake in shares of 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 worth $137,000 after buying an additional 1,604 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the third quarter worth approximately $69,000.

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.