Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 73.9% in August

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 11,214 shares, a decrease of 73.9% from the August 15th total of 42,994 shares. Based on an average daily trading volume, of 159,428 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in EFT. CoreCap Advisors LLC raised its stake in Eaton Vance Floating-Rate Income Trust by 100.0% during the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after buying an additional 1,300 shares during the last quarter. Gould Capital LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 93.7% in the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,360 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at $56,000. Comerica Bank raised its position in shares of Eaton Vance Floating-Rate Income Trust by 36.1% in the 4th quarter. Comerica Bank now owns 10,877 shares of the investment management company’s stock worth $123,000 after purchasing an additional 2,887 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the 1st quarter worth about $124,000.

Eaton Vance Floating-Rate Income Trust Trading Down 0.7%

NYSE EFT traded down $0.07 during trading hours on Monday, reaching $10.52. 90,823 shares of the company’s stock traded hands, compared to its average volume of 109,095. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.34 and a 52-week high of $12.06. The firm has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $10.77.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.071 per share. The ex-dividend date is Tuesday, September 15th. This is a positive change from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 8.1%.

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.