Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Sees Large Increase in Short Interest

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 9,500 shares, an increase of 228.0% from the April 15th total of 2,896 shares. Based on an average daily trading volume, of 151,556 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Saba Capital Management L.P. bought a new position in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at approximately $2,759,000. Icon Advisers Inc. Co. grew its position in Eaton Vance Senior Floating-Rate Trust by 117.7% during the first quarter. Icon Advisers Inc. Co. now owns 108,870 shares of the company’s stock valued at $1,147,000 after acquiring an additional 58,870 shares during the last quarter. Simon Quick Advisors LLC bought a new position in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at approximately $404,000. Independent Financial Group LLC bought a new position in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at approximately $142,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the first quarter valued at approximately $112,000.

Eaton Vance Senior Floating-Rate Trust Stock Down 1.2%

Shares of EFR stock traded down $0.12 during trading on Friday, hitting $10.38. The company had a trading volume of 99,844 shares, compared to its average volume of 143,349. The stock’s 50-day moving average is $10.47 and its two-hundred day moving average is $10.89. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.067 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, May 15th.

Eaton Vance Senior Floating-Rate Trust Company Profile

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.