Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 22,600 shares, a drop of 66.3% from the September 15th total of 67,000 shares. Based on an average daily trading volume, of 90,700 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 90,700 shares, the days-to-cover ratio is presently 0.2 days.

Eaton Vance Floating-Rate Income Trust Trading Down 0.3%

EFT stock opened at $11.50 on Monday. Eaton Vance Floating-Rate Income Trust has a 1 year low of $10.44 and a 1 year high of $13.61. The stock’s fifty day moving average is $11.93 and its two-hundred day moving average is $12.08.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Wednesday, October 15th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the second quarter valued at about $42,000. MeadowBrook Investment Advisors LLC raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 55.0% during the second quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 1,450 shares in the last quarter. Elequin Capital LP raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 106.3% during the first quarter. Elequin Capital LP now owns 6,675 shares of the investment management company’s stock valued at $84,000 after purchasing an additional 3,439 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the first quarter valued at about $142,000. Finally, First Heartland Consultants Inc. bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the first quarter valued at about $190,000.

Eaton Vance Floating-Rate Income Trust Company Profile

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.