Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Up 105.7% in January

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 39,725 shares, an increase of 105.7% from the December 31st total of 19,309 shares. Based on an average daily volume of 114,276 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 114,276 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

A number of large investors have recently modified their holdings of the stock. Gridiron Partners LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 3rd quarter worth $33,000. Cetera Investment Advisers acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter valued at $130,000. Comerica Bank boosted its holdings in Eaton Vance Senior Floating-Rate Trust by 118.8% in the third quarter. Comerica Bank now owns 12,034 shares of the company’s stock valued at $138,000 after acquiring an additional 6,534 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the third quarter worth about $150,000. Finally, AEGON USA Investment Management LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the second quarter worth about $179,000.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of EFR stock opened at $11.22 on Friday. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.40 and a 52 week high of $13.38. The stock’s fifty day moving average is $11.17 and its 200-day moving average is $11.40.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $0.077 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date was Thursday, January 15th.

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.