Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Decreases By 49.7%

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 30th, there was short interest totaling 43,364 shares, a decline of 49.7% from the June 15th total of 86,256 shares. Based on an average trading volume of 68,524 shares, the short-interest ratio is currently 0.6 days.

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

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its position in Eaton Vance Floating-Rate Income Trust by 22.7% in the 2nd quarter. Invesco Ltd. now owns 503,658 shares of the investment management company’s stock valued at $6,286,000 after buying an additional 93,272 shares during the last quarter. NewEdge Advisors LLC raised its position in Eaton Vance Floating-Rate Income Trust by 6,028.1% during the 2nd quarter. NewEdge Advisors LLC now owns 122,562 shares of the investment management company’s stock worth $1,530,000 after buying an additional 120,562 shares during the last quarter. Raymond James Financial Inc. raised its position 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 worth $10,360,000 after buying an additional 63,716 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 2nd quarter worth $218,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 29.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 44,684 shares of the investment management company’s stock worth $558,000 after acquiring an additional 10,032 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Down 0.7%

EFT traded down $0.07 on Wednesday, hitting $10.73. 53,680 shares of the company traded hands, compared to its average volume of 109,823. The company has a 50 day moving average of $10.81 and a 200-day moving average of $10.97. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.34 and a 12-month high of $12.62.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.066 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

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.