Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Decreases By 71.3%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 11,280 shares, a decline of 71.3% from the January 29th total of 39,288 shares. Based on an average daily volume of 115,356 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 115,356 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE:EFR traded down $0.02 on Thursday, reaching $10.75. 45,968 shares of the company’s stock traded hands, compared to its average volume of 108,274. The stock has a 50-day simple moving average of $11.11 and a 200-day simple moving average of $11.29. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.40 and a 12 month high of $12.98.

Eaton Vance Senior Floating-Rate Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.077 per share. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Tuesday, February 17th.

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

Several hedge funds have recently bought and sold shares of the business. Oregon Pacific Wealth Management LLC grew its stake in Eaton Vance Senior Floating-Rate Trust by 3.5% in the 3rd quarter. Oregon Pacific Wealth Management LLC now owns 28,814 shares of the company’s stock worth $330,000 after acquiring an additional 973 shares in the last quarter. Ethos Financial Group LLC increased its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 0.4% in the 3rd quarter. Ethos Financial Group LLC now owns 246,196 shares of the company’s stock valued at $2,816,000 after acquiring an additional 1,059 shares during the period. Fortitude Advisory Group L.L.C. boosted its position in Eaton Vance Senior Floating-Rate Trust by 6.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 19,879 shares of the company’s stock valued at $227,000 after purchasing an additional 1,266 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of Eaton Vance Senior Floating-Rate Trust by 7.3% during the second quarter. Prospera Financial Services Inc now owns 18,739 shares of the company’s stock valued at $227,000 after buying an additional 1,272 shares during the last quarter. Finally, Altman Advisors Inc. grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 5.2% in the 2nd quarter. Altman Advisors Inc. now owns 55,924 shares of the company’s stock worth $678,000 after buying an additional 2,780 shares during the last quarter.

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.