Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 237,500 shares, a growth of 11.3% from the October 31st total of 213,300 shares. Based on an average daily volume of 86,700 shares, the short-interest ratio is currently 2.7 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFT. Garner Asset Management Corp boosted its holdings in Eaton Vance Floating-Rate Income Trust by 4.6% during the second quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after purchasing an additional 3,105 shares in the last quarter. GraniteShares Advisors LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock valued at $2,058,000 after purchasing an additional 19,125 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $322,000. Commonwealth Equity Services LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 297.9% during the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock valued at $686,000 after purchasing an additional 38,282 shares in the last quarter. Finally, Comerica Bank boosted its holdings 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 in the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.1 %

Shares of Eaton Vance Floating-Rate Income Trust stock traded up $0.02 during trading on Tuesday, reaching $13.47. The company’s stock had a trading volume of 42,888 shares, compared to its average volume of 88,783. Eaton Vance Floating-Rate Income Trust has a one year low of $12.20 and a one year high of $13.88. The business’s fifty day moving average price is $13.11 and its 200-day moving average price is $13.22.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.103 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.24 annualized dividend and a yield of 9.18%.

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.