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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant increase in short interest during the month of 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 Up 0.1 %

Shares of EFT stock traded up $0.01 during trading hours on Monday, reaching $13.45. 64,570 shares of the stock traded hands, compared to its average volume of 88,950. The business has a fifty day moving average price of $13.09 and a 200 day moving average price of $13.22. Eaton Vance Floating-Rate Income Trust has a 1-year low of $12.20 and a 1-year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were given a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a yield of 9.19%. The ex-dividend date was Thursday, November 21st.

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

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the second quarter worth approximately $40,000. NBC Securities Inc. increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 106.8% in the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after acquiring an additional 2,350 shares during the last quarter. MeadowBrook Investment Advisors LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 18.0% during the third quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock worth $68,000 after acquiring an additional 800 shares in the last quarter. Comerica Bank boosted its position in Eaton Vance Floating-Rate Income Trust by 87.4% during the first quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after purchasing an additional 3,330 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $155,000.

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.