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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 237,500 shares, an increase of 11.3% from the October 31st total of 213,300 shares. Based on an average daily trading volume, of 86,700 shares, the days-to-cover ratio is presently 2.7 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of Eaton Vance Floating-Rate Income Trust stock traded up $0.02 on Tuesday, hitting $13.47. 42,888 shares of the company’s stock traded hands, compared to its average volume of 88,783. The firm’s 50-day moving average price is $13.11 and its two-hundred day moving average price is $13.22. Eaton Vance Floating-Rate Income Trust has a one year low of $12.20 and a one year high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $40,000. NBC Securities Inc. increased its position in shares of Eaton Vance Floating-Rate Income Trust by 106.8% in the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after buying an additional 2,350 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 18.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after buying an additional 800 shares in the last quarter. Comerica Bank increased its position in shares of Eaton Vance Floating-Rate Income Trust by 87.4% in the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after buying an additional 3,330 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $155,000.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.