Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 57.6% in June

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 86,256 shares, a decline of 57.6% from the May 31st total of 203,297 shares. Based on an average daily trading volume, of 83,761 shares, the short-interest ratio is currently 1.0 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of Eaton Vance Floating-Rate Income Trust stock traded up $0.04 on Monday, hitting $10.72. 83,730 shares of the company’s stock traded hands, compared to its average volume of 114,199. The firm’s 50-day moving average is $10.83 and its 200 day moving average is $11.02. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.34 and a 52-week high of $12.67.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.067 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.5%.

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

Large investors have recently bought and sold shares of the stock. Shaker Financial Services LLC grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 423.5% in the 4th quarter. Shaker Financial Services LLC now owns 67,012 shares of the investment management company’s stock worth $762,000 after acquiring an additional 54,212 shares during the last quarter. Wolverine Asset Management LLC raised its position in Eaton Vance Floating-Rate Income Trust by 77.2% during the fourth quarter. Wolverine Asset Management LLC now owns 210,659 shares of the investment management company’s stock valued at $2,378,000 after buying an additional 91,744 shares during the period. 1607 Capital Partners LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth about $860,000. Greenberg Financial Group acquired a new stake in Eaton Vance Floating-Rate Income Trust during the 4th quarter worth about $237,000. Finally, Raymond James Financial Inc. grew its stake in Eaton Vance Floating-Rate Income Trust by 8.3% during the 2nd quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock valued at $10,360,000 after acquiring an additional 63,716 shares in 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.