Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Up 2,916.2% in June

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 116,333 shares, a growth of 2,916.2% from the May 31st total of 3,857 shares. Based on an average trading volume of 134,841 shares, the short-interest ratio is currently 0.9 days.

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

Several institutional investors and hedge funds have recently modified their holdings of EFR. Cetera Investment Advisers bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter worth $130,000. Invesco Ltd. lifted its stake in Eaton Vance Senior Floating-Rate Trust by 26.6% in the 2nd quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock worth $6,482,000 after purchasing an additional 112,523 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth $1,538,000. Raymond James Financial Inc. boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 12.5% during the 2nd quarter. Raymond James Financial Inc. now owns 52,793 shares of the company’s stock valued at $640,000 after purchasing an additional 5,847 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 38.1% during the 2nd quarter. Osaic Holdings Inc. now owns 37,966 shares of the company’s stock valued at $460,000 after purchasing an additional 10,478 shares during the last quarter.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of NYSE:EFR traded up $0.04 during trading on Thursday, hitting $10.54. 139,716 shares of the company’s stock were exchanged, compared to its average volume of 139,503. The business’s 50-day simple moving average is $10.51 and its 200 day simple moving average is $10.75. 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 Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.066 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, June 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.