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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 116,333 shares, a growth of 2,916.2% from the May 31st total of 3,857 shares. Based on an average daily trading volume, of 134,841 shares, the days-to-cover ratio is presently 0.9 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust in the second quarter worth approximately $130,000. Invesco Ltd. increased its holdings in Eaton Vance Senior Floating-Rate Trust by 26.6% during the second quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock valued at $6,482,000 after buying an additional 112,523 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the second quarter valued at approximately $1,538,000. Raymond James Financial Inc. raised its position in Eaton Vance Senior Floating-Rate Trust by 12.5% in the second quarter. Raymond James Financial Inc. now owns 52,793 shares of the company’s stock worth $640,000 after acquiring an additional 5,847 shares during the period. Finally, Osaic Holdings Inc. raised its position in Eaton Vance Senior Floating-Rate Trust by 38.1% in the second quarter. Osaic Holdings Inc. now owns 37,966 shares of the company’s stock worth $460,000 after acquiring an additional 10,478 shares during the period.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of EFR remained flat at $10.51 during trading hours on Friday. The company had a trading volume of 83,572 shares, compared to its average volume of 139,041. Eaton Vance Senior Floating-Rate Trust has a one year low of $10.11 and a one year high of $12.21. The firm has a 50 day moving average price of $10.51 and a two-hundred day moving average price of $10.75.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.066 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.