Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 133,300 shares, a decline of 58.2% from the February 28th total of 318,700 shares. Based on an average daily volume of 80,400 shares, the short-interest ratio is currently 1.7 days.

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

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 29.4% in the 3rd quarter. National Bank of Canada FI now owns 3,519 shares of the company’s stock valued at $45,000 after purchasing an additional 800 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Eaton Vance Senior Floating-Rate Trust by 5.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 28,162 shares of the company’s stock worth $360,000 after buying an additional 1,367 shares during the period. Fortitude Advisory Group L.L.C. lifted its stake in Eaton Vance Senior Floating-Rate Trust by 13.5% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 18,498 shares of the company’s stock valued at $237,000 after buying an additional 2,199 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 25.3% in the third quarter. Stifel Financial Corp now owns 14,721 shares of the company’s stock valued at $188,000 after acquiring an additional 2,968 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth approximately $43,000.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR stock traded down $0.03 during trading on Friday, hitting $12.22. 90,304 shares of the company’s stock were exchanged, compared to its average volume of 84,366. The business has a 50-day moving average price of $12.82 and a two-hundred day moving average price of $12.83. Eaton Vance Senior Floating-Rate Trust has a 52-week low of $12.15 and a 52-week high of $13.40.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.091 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.09 dividend on an annualized basis and a yield of 8.94%.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.