Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Up 84.8% in March

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 90,877 shares, an increase of 84.8% from the February 26th total of 49,180 shares. Based on an average daily volume of 154,915 shares, the short-interest ratio is currently 0.6 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE:EFT traded down $0.22 during trading hours on Friday, hitting $10.39. The company’s stock had a trading volume of 134,346 shares, compared to its average volume of 133,038. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.35 and a 52-week high of $12.67. The stock has a fifty day moving average of $11.09 and a 200-day moving average of $11.38.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.073 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several institutional investors have recently added to or reduced their stakes in EFT. Advisors Asset Management Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 8.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock worth $6,626,000 after buying an additional 45,242 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 71.2% during the third quarter. Wolverine Asset Management LLC now owns 118,915 shares of the investment management company’s stock worth $1,400,000 after purchasing an additional 49,461 shares during the last quarter. 1607 Capital Partners LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the third quarter worth about $860,000. Readystate Asset Management LP increased its position in shares of Eaton Vance Floating-Rate Income Trust by 271.2% during the third quarter. Readystate Asset Management LP now owns 140,990 shares of the investment management company’s stock worth $1,659,000 after purchasing an additional 103,012 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth about $56,000.

About Eaton Vance Floating-Rate Income Trust

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.