Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 64.8% in May

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 3,343 shares, a decline of 64.8% from the April 30th total of 9,500 shares. Based on an average daily volume of 123,605 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in EFR. 1607 Capital Partners LLC increased its position in shares of Eaton Vance Senior Floating-Rate Trust by 331.3% during the fourth quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock worth $15,954,000 after purchasing an additional 1,100,058 shares in the last quarter. Pathstone Holdings LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 3rd quarter valued at about $9,520,000. Rivernorth Capital Management LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 4th quarter valued at about $3,707,000. Sit Investment Associates Inc. acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 4th quarter valued at about $2,935,000. Finally, Saba Capital Management L.P. acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at about $2,759,000.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.2%

Shares of EFR traded down $0.03 during midday trading on Friday, reaching $10.52. 120,825 shares of the stock were exchanged, compared to its average volume of 142,539. The business’s 50-day moving average price is $10.47 and its 200 day moving average price is $10.83. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.11 and a twelve month high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.067 per share. The ex-dividend date was Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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.