Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE:EFL) Short Interest Up 107.0% in March

Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE:EFLGet Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 32,700 shares, an increase of 107.0% from the March 15th total of 15,800 shares. Based on an average daily trading volume, of 54,700 shares, the days-to-cover ratio is presently 0.6 days.

EFL stock traded down $0.11 during midday trading on Friday, hitting $9.01. 33,830 shares of the company traded hands, compared to its average volume of 52,948. Eaton Vance Floating-Rate 2022 Target Term Trust has a twelve month low of $8.68 and a twelve month high of $10.05. The business has a 50 day simple moving average of $9.09 and a 200-day simple moving average of $9.23.

The company also recently announced a monthly dividend, which will be paid on Monday, April 18th. Investors of record on Monday, April 11th will be issued a $0.024 dividend. The ex-dividend date is Friday, April 8th. This represents a $0.29 annualized dividend and a yield of 3.20%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. raised its holdings in Eaton Vance Floating-Rate 2022 Target Term Trust by 1,049.4% in the 3rd quarter. Moors & Cabot Inc. now owns 126,431 shares of the company’s stock worth $9,496,000 after acquiring an additional 115,431 shares during the period. Commonwealth Equity Services LLC raised its holdings in Eaton Vance Floating-Rate 2022 Target Term Trust by 39.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 115,625 shares of the company’s stock worth $1,083,000 after acquiring an additional 32,551 shares during the period. Morgan Stanley increased its holdings in shares of Eaton Vance Floating-Rate 2022 Target Term Trust by 18.5% during the 3rd quarter. Morgan Stanley now owns 1,744,213 shares of the company’s stock worth $16,343,000 after purchasing an additional 272,827 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Eaton Vance Floating-Rate 2022 Target Term Trust by 14.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 22,062 shares of the company’s stock worth $207,000 after purchasing an additional 2,707 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Eaton Vance Floating-Rate 2022 Target Term Trust by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 534,926 shares of the company’s stock worth $5,012,000 after purchasing an additional 57,884 shares during the period.

Eaton Vance Floating-Rate 2022 Target Term Trust Company Profile (Get Rating)

The Trust’s investment objectives are high current income and to return $9.851 per share (the original net asset value) to holders of common shares on or about October 31, 20222 (“Termination Date”).

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