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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 29,050 shares, a decline of 45.0% from the January 15th total of 52,834 shares. Based on an average daily volume of 105,063 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 105,063 shares, the short-interest ratio is currently 0.3 days.

Eaton Vance Floating-Rate Income Trust Stock Up 0.0%

Eaton Vance Floating-Rate Income Trust stock traded up $0.01 during midday trading on Friday, reaching $11.35. 41,037 shares of the company traded hands, compared to its average volume of 115,588. Eaton Vance Floating-Rate Income Trust has a 12 month low of $10.44 and a 12 month high of $13.35. The business has a 50 day moving average of $11.39 and a two-hundred day moving average of $11.65.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.086 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 71.2% in the third quarter. Wolverine Asset Management LLC now owns 118,915 shares of the investment management company’s stock worth $1,400,000 after purchasing an additional 49,461 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 8.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock worth $6,626,000 after purchasing an additional 45,242 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 22.9% in the 2nd quarter. HBK Sorce Advisory LLC now owns 35,846 shares of the investment management company’s stock worth $447,000 after purchasing an additional 6,688 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 55.0% in the second quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock worth $51,000 after buying an additional 1,450 shares during the last quarter. Finally, Retirement Planning Group LLC NY bought a new stake in Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $301,000.

About Eaton Vance Floating-Rate Income Trust

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.