Short Interest in Eaton Vance Senior Income Trust (NYSE:EVF) Drops By 58.2%

Eaton Vance Senior Income Trust (NYSE:EVF) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 17,788 shares, a drop of 58.2% from the February 12th total of 42,520 shares. Based on an average trading volume of 80,122 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 80,122 shares, the days-to-cover ratio is presently 0.2 days.

Eaton Vance Senior Income Trust Price Performance

EVF stock opened at $5.01 on Wednesday. The stock’s fifty day simple moving average is $5.24 and its two-hundred day simple moving average is $5.36. Eaton Vance Senior Income Trust has a 1-year low of $4.77 and a 1-year high of $6.02.

Eaton Vance Senior Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be issued a $0.039 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Eaton Vance Senior Income Trust

Institutional investors have recently added to or reduced their stakes in the stock. 1607 Capital Partners LLC increased its holdings in Eaton Vance Senior Income Trust by 258.3% during the fourth quarter. 1607 Capital Partners LLC now owns 896,307 shares of the company’s stock worth $4,724,000 after buying an additional 646,167 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Eaton Vance Senior Income Trust by 51.9% in the fourth quarter. Wolverine Asset Management LLC now owns 414,358 shares of the company’s stock valued at $2,184,000 after acquiring an additional 141,579 shares during the last quarter. Rivernorth Capital Management LLC bought a new position in shares of Eaton Vance Senior Income Trust during the 4th quarter valued at approximately $369,000. Sit Investment Associates Inc. grew its position in shares of Eaton Vance Senior Income Trust by 9.4% during the 4th quarter. Sit Investment Associates Inc. now owns 714,807 shares of the company’s stock valued at $3,767,000 after acquiring an additional 61,128 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in shares of Eaton Vance Senior Income Trust during the 2nd quarter worth approximately $324,000.

Eaton Vance Senior Income Trust Company Profile

Eaton Vance Senior Income Trust (NYSE: EVF) is a closed-end management investment company that seeks high current income while preserving capital. Externally managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following its 2021 acquisition, the trust offers investors exposure to a diversified portfolio of floating-rate senior secured loans and other corporate debt instruments.

The trust’s investment strategy is centered on senior secured bank loans, which typically carry floating interest rates and enjoy priority over other debt in a borrower’s capital structure.