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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 75,040 shares, a drop of 35.5% from the June 15th total of 116,333 shares. Based on an average daily volume of 95,282 shares, the short-interest ratio is currently 0.8 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR traded down $0.07 during trading on Friday, hitting $10.54. The company’s stock had a trading volume of 56,539 shares, compared to its average volume of 132,043. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.11 and a twelve month high of $12.14. The stock’s fifty day moving average price is $10.53 and its 200-day moving average price is $10.69.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.069 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.9%. This is an increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Capital Management Inc. acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the second quarter worth $242,000. NewEdge Advisors LLC raised its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 15.2% during the first quarter. NewEdge Advisors LLC now owns 15,117 shares of the company’s stock valued at $159,000 after purchasing an additional 1,991 shares during the period. Bank of America Corp DE raised its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 8.6% during the first quarter. Bank of America Corp DE now owns 481,794 shares of the company’s stock valued at $5,078,000 after purchasing an additional 38,244 shares during the period. Saba Capital Management L.P. bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth about $2,759,000. Finally, Icon Advisers Inc. Co. boosted its position in shares of Eaton Vance Senior Floating-Rate Trust by 117.7% during the 1st quarter. Icon Advisers Inc. Co. now owns 108,870 shares of the company’s stock worth $1,147,000 after purchasing an additional 58,870 shares in the last quarter.

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.