Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 49,180 shares, a decrease of 16.7% from the February 12th total of 59,025 shares. Based on an average trading volume of 112,130 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 112,130 shares, the short-interest ratio is currently 0.4 days.

Eaton Vance Floating-Rate Income Trust Price Performance

EFT stock traded up $0.02 during midday trading on Monday, hitting $10.74. 93,195 shares of the company’s stock were exchanged, compared to its average volume of 122,282. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.44 and a 1-year high of $12.79. The business has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $11.46.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.073 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of EFT. Gould Capital LLC lifted its position in 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 valued at $32,000 after buying an additional 1,360 shares during the last quarter. Bard Associates Inc. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at about $56,000. MeadowBrook Investment Advisors LLC raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 33.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 1,350 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at approximately $69,000. Finally, Comerica Bank lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after acquiring an additional 883 shares during the last quarter.

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.