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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 34,511 shares, an increase of 1,158.6% from the November 30th total of 2,742 shares. Based on an average trading volume of 186,798 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 186,798 shares, the short-interest ratio is presently 0.2 days.

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

Institutional investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 2.2% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 424,306 shares of the investment management company’s stock worth $4,994,000 after purchasing an additional 9,251 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth approximately $69,000. Kestra Private Wealth Services LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 10.3% in the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock worth $158,000 after buying an additional 1,251 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 0.9% during the 3rd quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock worth $1,456,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in Eaton Vance Floating-Rate Income Trust by 15.9% during the 3rd quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 1,604 shares during the period.

Eaton Vance Floating-Rate Income Trust Price Performance

NYSE EFT traded up $0.02 on Wednesday, hitting $11.33. 135,652 shares of the company traded hands, compared to its average volume of 105,025. The business’s 50 day moving average price is $11.40 and its 200-day moving average price is $11.89. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.44 and a 52-week high of $13.61.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.086 per share. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. The ex-dividend date is Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.