Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 344,000 shares, a decrease of 5.5% from the December 15th total of 364,000 shares. Based on an average daily volume of 79,800 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in Eaton Vance Floating-Rate Income Trust by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock worth $5,420,000 after purchasing an additional 57,478 shares during the period. Shaker Financial Services LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth $705,000. Commonwealth Equity Services LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 297.9% during the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after acquiring an additional 38,282 shares in the last quarter. Raymond James & Associates grew its stake in Eaton Vance Floating-Rate Income Trust by 8.2% in the third quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after acquiring an additional 35,926 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth about $367,000.

Eaton Vance Floating-Rate Income Trust Price Performance

NYSE:EFT opened at $13.18 on Friday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $12.59 and a 1-year high of $13.88. The business’s 50-day moving average price is $13.28 and its two-hundred day moving average price is $13.18.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.103 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.38%.

Eaton Vance Floating-Rate Income Trust Company Profile

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.