Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Rises By 40.0%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 203,200 shares, a growth of 40.0% from the June 15th total of 145,100 shares. Based on an average trading volume of 96,300 shares, the short-interest ratio is currently 2.1 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

EFR stock remained flat at $13.14 during trading on Monday. The company had a trading volume of 78,358 shares, compared to its average volume of 93,671. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $11.34 and a 12 month high of $13.40. The business’s fifty day moving average price is $13.16 and its 200-day moving average price is $13.06.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.121 per share. This represents a $1.45 annualized dividend and a dividend yield of 11.05%. The ex-dividend date of this dividend is Tuesday, July 23rd.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Several institutional investors have recently added to or reduced their stakes in EFR. Cullen Frost Bankers Inc. lifted its position in Eaton Vance Senior Floating-Rate Trust by 66.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the company’s stock valued at $127,000 after acquiring an additional 4,000 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the first quarter valued at approximately $135,000. Edge Financial Advisors LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the first quarter valued at approximately $138,000. International Assets Investment Management LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the fourth quarter valued at approximately $160,000. Finally, Nomura Holdings Inc. purchased a new position in Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth approximately $190,000.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.