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

Posted by Andrew Walz on Nov 19th, 2024

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 213,300 shares, a decline of 5.9% from the October 15th total of 226,600 shares. Based on an average daily trading volume, of 91,800 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $341,000. Benjamin Edwards Inc. acquired a new stake in Eaton Vance Floating-Rate Income Trust during the third quarter worth about $367,000. Walleye Capital LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at approximately $276,000. Horizon Kinetics Asset Management LLC bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at approximately $155,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth approximately $178,000.

Eaton Vance Floating-Rate Income Trust Stock Up 0.9 %

EFT opened at $13.36 on Tuesday. Eaton Vance Floating-Rate Income Trust has a 12-month low of $12.02 and a 12-month high of $13.88. The firm’s fifty day moving average price is $13.02 and its 200 day moving average price is $13.23.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.103 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.24 dividend on an annualized basis and a yield of 9.25%.

Eaton Vance Floating-Rate Income Trust Company Profile

(Get Free Report)

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.