Eaton Vance Senior Income Trust (NYSE:EVF) Short Interest Down 35.6% in August

Eaton Vance Senior Income Trust (NYSE:EVF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 30,953 shares, a decrease of 35.6% from the August 15th total of 48,056 shares. Based on an average daily trading volume, of 51,286 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Eaton Vance Senior Income Trust

A number of large investors have recently added to or reduced their stakes in EVF. 1607 Capital Partners LLC increased its stake in Eaton Vance Senior Income Trust by 258.3% during the 4th quarter. 1607 Capital Partners LLC now owns 896,307 shares of the company’s stock worth $4,724,000 after buying an additional 646,167 shares during the period. Sit Investment Associates Inc. boosted its position in Eaton Vance Senior Income Trust by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 714,807 shares of the company’s stock valued at $3,767,000 after buying an additional 61,128 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of Eaton Vance Senior Income Trust during the first quarter valued at about $1,534,000. Simon Quick Advisors LLC acquired a new stake in shares of Eaton Vance Senior Income Trust during the first quarter valued at about $171,000. Finally, Bank of America Corp DE increased its position in shares of Eaton Vance Senior Income Trust by 9.4% during the first quarter. Bank of America Corp DE now owns 33,187 shares of the company’s stock worth $166,000 after acquiring an additional 2,854 shares during the last quarter.

Eaton Vance Senior Income Trust Stock Performance

Shares of NYSE:EVF remained flat at $4.87 during mid-day trading on Thursday. The company had a trading volume of 125,451 shares, compared to its average volume of 77,230. Eaton Vance Senior Income Trust has a 1-year low of $4.84 and a 1-year high of $5.58. The stock’s 50-day moving average price is $4.96 and its 200 day moving average price is $4.98.

Eaton Vance Senior Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be given a dividend of $0.033 per share. The ex-dividend date of this dividend is Monday, September 14th. This is an increase from Eaton Vance Senior Income Trust’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

About Eaton Vance Senior Income Trust

Eaton Vance Senior Income Trust (NYSE: EVF) is a closed-end management investment company that seeks high current income while preserving capital. Externally managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following its 2021 acquisition, the trust offers investors exposure to a diversified portfolio of floating-rate senior secured loans and other corporate debt instruments.

The trust’s investment strategy is centered on senior secured bank loans, which typically carry floating interest rates and enjoy priority over other debt in a borrower’s capital structure.