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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 226,600 shares, a decline of 18.6% from the March 15th total of 278,300 shares. Based on an average daily volume of 106,300 shares, the short-interest ratio is presently 2.1 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Morse Asset Management Inc purchased a new position in Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $341,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at $108,000. Joel Isaacson & Co. LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at $528,000. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $8,328,000. Finally, HBK Sorce Advisory LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 8.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 31,450 shares of the investment management company’s stock worth $404,000 after acquiring an additional 2,341 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

NYSE:EFT traded down $0.04 during trading hours on Monday, hitting $11.71. 52,049 shares of the stock traded hands, compared to its average volume of 90,451. The firm has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.99. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.44 and a fifty-two week high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.094 dividend. This represents a $1.13 annualized dividend and a yield of 9.63%. 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.