Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Sees Significant Increase in Short Interest

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 52,834 shares, a growth of 465.2% from the December 31st total of 9,348 shares. Based on an average daily volume of 145,807 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 145,807 shares, the short-interest ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 12.4% during the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 883 shares during the period. NewEdge Advisors LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 0.9% in the 3rd quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock valued at $1,456,000 after buying an additional 1,105 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 10.3% in the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock worth $158,000 after purchasing an additional 1,251 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 33.0% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Eaton Vance Floating-Rate Income Trust by 15.9% in the third quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 1,604 shares during the period.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT opened at $11.47 on Wednesday. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.44 and a 12-month high of $13.54. The stock’s 50 day simple moving average is $11.38 and its 200 day simple moving average is $11.73.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a $0.086 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 9.0%.

About Eaton Vance Floating-Rate Income Trust

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.