Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

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

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC boosted its stake in Eaton Vance Senior Floating-Rate Trust by 216.6% in the second quarter. Wolverine Asset Management LLC now owns 77,840 shares of the company’s stock worth $943,000 after buying an additional 53,256 shares in the last quarter. Shaker Financial Services LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth $446,000. Atlantic Union Bankshares Corp purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter valued at approximately $248,000. Ethos Financial Group LLC boosted its position in Eaton Vance Senior Floating-Rate Trust by 1.4% during the 2nd quarter. Ethos Financial Group LLC now owns 245,137 shares of the company’s stock valued at $2,971,000 after acquiring an additional 3,365 shares in the last quarter. Finally, Prospera Financial Services Inc boosted 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 purchasing an additional 1,272 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.1%

EFR stock traded down $0.02 during midday trading on Thursday, hitting $10.75. The company’s stock had a trading volume of 45,968 shares, compared to its average volume of 108,274. The stock’s 50-day moving average price is $11.11 and its 200 day moving average price is $11.29. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $10.40 and a 1 year high of $12.98.

Eaton Vance Senior Floating-Rate Trust Dividend Announcement

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

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.