Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 73.9% in August

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 11,214 shares, a decline of 73.9% from the August 15th total of 42,994 shares. Based on an average daily volume of 159,428 shares, the short-interest ratio is currently 0.1 days.

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

Several hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC grew its holdings in Eaton Vance Floating-Rate Income Trust by 100.0% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 1,300 shares during the period. Gould Capital LLC increased its position in Eaton Vance Floating-Rate Income Trust by 93.7% during the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,360 shares during the last quarter. Bard Associates Inc. purchased a new position in Eaton Vance Floating-Rate Income Trust during the fourth quarter worth approximately $56,000. Advisory Services Network LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the third quarter worth approximately $69,000. Finally, Comerica Bank boosted 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 valued at $94,000 after purchasing an additional 883 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE EFT traded up $0.03 during trading hours on Friday, hitting $10.60. 77,134 shares of the company’s stock were exchanged, compared to its average volume of 109,200. The business’s 50 day moving average is $10.72 and its 200-day moving average is $10.77. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.34 and a 12-month high of $12.06.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.071 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. This is an increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

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.