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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 385,000 shares, a growth of 77.7% from the January 15th total of 216,600 shares. Based on an average daily volume of 83,200 shares, the days-to-cover ratio is currently 4.6 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

EFT traded down $0.12 during trading on Friday, hitting $13.21. 88,603 shares of the company’s stock were exchanged, compared to its average volume of 96,130. The business’s 50 day moving average is $13.29 and its two-hundred day moving average is $13.17. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $12.62 and a fifty-two week high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date of this dividend is Friday, February 14th.

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

Several large investors have recently bought and sold shares of EFT. Walleye Capital LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $276,000. NBC Securities Inc. increased its holdings in Eaton Vance Floating-Rate Income Trust by 106.8% during the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after buying an additional 2,350 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter worth about $322,000. Wolverine Asset Management LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $363,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at approximately $178,000.

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.