Eaton Vance Senior Income Trust (NYSE:EVF) Short Interest Down 35.6% in August

Eaton Vance Senior Income Trust (NYSE:EVF) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 30,953 shares, a decline of 35.6% from the August 15th total of 48,056 shares. Based on an average daily trading volume, of 51,286 shares, the short-interest ratio is presently 0.6 days.

Eaton Vance Senior Income Trust Stock Performance

Shares of EVF remained flat at $4.87 during trading hours on Thursday. The company had a trading volume of 125,451 shares, compared to its average volume of 77,230. Eaton Vance Senior Income Trust has a twelve month low of $4.84 and a twelve month high of $5.58. The stock has a 50-day simple moving average of $4.96 and a two-hundred day simple moving average of $4.98.

Eaton Vance Senior Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be paid a $0.033 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 8.1%. This is an increase from Eaton Vance Senior Income Trust’s previous monthly dividend of $0.03.

Institutional Trading of Eaton Vance Senior Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of EVF. Icon Advisers Inc. Co. purchased a new stake in Eaton Vance Senior Income Trust during the first quarter worth approximately $1,534,000. Bank of America Corp DE raised its stake in shares of Eaton Vance Senior Income Trust by 9.4% in the 1st quarter. Bank of America Corp DE now owns 33,187 shares of the company’s stock valued at $166,000 after acquiring an additional 2,854 shares during the period. Quadrant Private Wealth Management LLC purchased a new position in shares of Eaton Vance Senior Income Trust in the 1st quarter valued at $93,000. Simon Quick Advisors LLC purchased a new position in shares of Eaton Vance Senior Income Trust in the 1st quarter valued at $171,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Eaton Vance Senior Income Trust by 209.3% during the 1st quarter. Kestra Advisory Services LLC now owns 15,731 shares of the company’s stock valued at $78,000 after acquiring an additional 10,645 shares in the last quarter.

Eaton Vance Senior Income Trust Company Profile

Eaton Vance Senior Income Trust (NYSE: EVF) is a closed-end management investment company that seeks high current income while preserving capital. Externally managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following its 2021 acquisition, the trust offers investors exposure to a diversified portfolio of floating-rate senior secured loans and other corporate debt instruments.

The trust’s investment strategy is centered on senior secured bank loans, which typically carry floating interest rates and enjoy priority over other debt in a borrower’s capital structure.