Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 5.9% in October

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 213,300 shares, a drop of 5.9% from the October 15th total of 226,600 shares. Based on an average daily volume of 91,800 shares, the days-to-cover ratio is currently 2.3 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in EFT. Northwestern Mutual Wealth Management Co. bought a new stake in Eaton Vance Floating-Rate Income Trust in the second quarter valued at $40,000. NBC Securities Inc. lifted 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 worth $58,000 after purchasing an additional 2,350 shares during the period. MeadowBrook Investment Advisors LLC lifted 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 worth $68,000 after purchasing an additional 800 shares during the period. Comerica Bank boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 87.4% during the 1st 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 in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at about $155,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT opened at $13.24 on Monday. The stock’s 50-day moving average is $13.02 and its 200 day moving average is $13.23. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.02 and a 1 year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.103 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.24 annualized dividend and a dividend yield of 9.34%.

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.