Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Up 388.3% in April

Eaton Vance Floating-Rate Income Trust (NYSE:EFTGet Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 29,300 shares, an increase of 388.3% from the March 31st total of 6,000 shares. Based on an average daily volume of 126,900 shares, the short-interest ratio is presently 0.2 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFT. Wells Fargo & Company MN boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 21.6% during the 2nd quarter. Wells Fargo & Company MN now owns 128,493 shares of the investment management company’s stock worth $1,849,000 after acquiring an additional 22,856 shares in the last quarter. Morgan Stanley boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 1.5% during the 2nd quarter. Morgan Stanley now owns 1,034,441 shares of the investment management company’s stock worth $14,886,000 after acquiring an additional 15,231 shares in the last quarter. Raymond James & Associates boosted its stake in Eaton Vance Floating-Rate Income Trust by 2.9% during the 3rd quarter. Raymond James & Associates now owns 651,143 shares of the investment management company’s stock valued at $9,487,000 after purchasing an additional 18,323 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Eaton Vance Floating-Rate Income Trust by 11.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 127,145 shares of the investment management company’s stock valued at $1,853,000 after purchasing an additional 13,243 shares during the period. Finally, Truist Financial Corp boosted its stake in Eaton Vance Floating-Rate Income Trust by 0.6% during the 3rd quarter. Truist Financial Corp now owns 107,915 shares of the investment management company’s stock valued at $1,572,000 after purchasing an additional 689 shares during the period.

EFT stock traded down $0.02 during mid-day trading on Wednesday, hitting $12.64. The stock had a trading volume of 410 shares, compared to its average volume of 141,696. Eaton Vance Floating-Rate Income Trust has a 1-year low of $12.20 and a 1-year high of $15.73. The business’s fifty day moving average price is $13.39.

The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Friday, April 22nd will be paid a dividend of $0.078 per share. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $0.94 annualized dividend and a dividend yield of 7.41%.

Eaton Vance Floating-Rate Income Trust Company Profile (Get Rating)

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.

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