Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 5.9% in October

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large 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 trading volume of 91,800 shares, the days-to-cover ratio is presently 2.3 days.

Eaton Vance Floating-Rate Income Trust Stock Up 0.4 %

EFT opened at $13.41 on Wednesday. The firm’s fifty day moving average price is $13.03 and its two-hundred day moving average price is $13.23. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.02 and a 1 year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.103 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date of this dividend is Thursday, November 21st.

Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates raised its stake in Eaton Vance Floating-Rate Income Trust by 8.2% in the 3rd 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. Advisors Asset Management Inc. increased its position in shares of 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 last quarter. GraniteShares Advisors LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock worth $2,058,000 after purchasing an additional 19,125 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Eaton Vance Floating-Rate Income Trust by 3.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 125,374 shares of the investment management company’s stock worth $1,615,000 after purchasing an additional 4,302 shares during the last quarter. Finally, Garner Asset Management Corp increased its position in shares of Eaton Vance Floating-Rate Income Trust by 4.6% in the second quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock worth $947,000 after purchasing an additional 3,105 shares during the last quarter.

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.