Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Declines By 27.7%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 19,309 shares, a drop of 27.7% from the December 15th total of 26,706 shares. Based on an average daily volume of 248,497 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 248,497 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of NYSE EFR traded down $0.01 during midday trading on Friday, hitting $11.23. 76,253 shares of the company’s stock traded hands, compared to its average volume of 110,778. The firm has a fifty day moving average of $11.15 and a 200 day moving average of $11.47. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $10.40 and a 1 year high of $13.38.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.077 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th.

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

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth $130,000. Comerica Bank lifted its position in Eaton Vance Senior Floating-Rate Trust by 118.8% during the third quarter. Comerica Bank now owns 12,034 shares of the company’s stock valued at $138,000 after purchasing an additional 6,534 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust during the third quarter valued at about $150,000. AEGON USA Investment Management LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust during the second quarter valued at about $179,000. Finally, Virtu Financial LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the third quarter worth about $179,000.

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.