Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 76,645 shares, an increase of 252.5% from the February 26th total of 21,745 shares. Based on an average daily trading volume, of 202,695 shares, the short-interest ratio is currently 0.4 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR stock opened at $10.34 on Friday. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.31 and a 1-year high of $12.33. The business’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $11.12.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

A number of hedge funds have recently modified their holdings of EFR. Fund Advisors of America Inc FL bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 4th quarter worth about $218,000. Sit Investment Associates Inc. acquired a new stake in Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth approximately $2,935,000. Invesco Ltd. lifted its position in Eaton Vance Senior Floating-Rate Trust by 1.9% during the fourth quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock worth $6,388,000 after acquiring an additional 10,707 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth approximately $501,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth approximately $3,707,000.

About Eaton Vance Senior Floating-Rate Trust

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.