Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 16.3% in March

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 278,300 shares, a drop of 16.3% from the February 28th total of 332,400 shares. Based on an average daily trading volume, of 86,700 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Institutional investors have recently modified their holdings of the company. Elequin Capital LP purchased a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at $42,000. Union Bancaire Privee UBP SA purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at about $108,000. Focus Partners Wealth acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter worth about $163,000. StoneX Group Inc. purchased a new stake in Eaton Vance Floating-Rate Income Trust during the fourth quarter worth approximately $187,000. Finally, Walleye Capital LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at approximately $276,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of Eaton Vance Floating-Rate Income Trust stock traded down $0.06 on Wednesday, reaching $12.40. 160,334 shares of the company were exchanged, compared to its average volume of 83,847. The stock’s 50 day moving average price is $13.04 and its 200-day moving average price is $13.11. Eaton Vance Floating-Rate Income Trust has a 1-year low of $12.34 and a 1-year high of $13.88.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.10%. The ex-dividend date is Tuesday, April 15th.

About Eaton Vance Floating-Rate Income Trust

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.