Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Short Interest Report for October

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 286,637 shares, an increase of 878.9% from the September 30th total of 29,283 shares. Based on an average daily volume of 115,415 shares, the days-to-cover ratio is presently 2.5 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE EFT remained flat at $10.43 during trading on Monday. 72,196 shares of the company’s stock traded hands, compared to its average volume of 111,836. The stock has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.84. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.31 and a 1-year high of $11.67.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.07 per share. This is a decrease from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.0710. This represents a $0.84 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC raised its position in shares of Eaton Vance Floating-Rate Income Trust by 100.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock worth $28,000 after acquiring an additional 1,300 shares in the last quarter. Sigma Planning Corp grew its stake in Eaton Vance Floating-Rate Income Trust by 14.1% in the third quarter. Sigma Planning Corp now owns 11,505 shares of the investment management company’s stock worth $123,000 after purchasing an additional 1,418 shares during the period. Fifth Third Bancorp purchased a new stake in Eaton Vance Floating-Rate Income Trust in the first quarter worth $124,000. Kestra Advisory Services LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust in the first quarter worth $145,000. Finally, Integrated Capital Management Inc. bought a new position in Eaton Vance Floating-Rate Income Trust in the third quarter worth $201,000.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

EFT invests principally in floating-rate loans and other floating-rate debt instruments. Its portfolio may include senior secured bank loans, corporate loans and other income-producing securities, including investments issued by companies with below-investment-grade credit ratings.