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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 52,834 shares, a growth of 465.2% from the December 31st total of 9,348 shares. Based on an average daily trading volume, of 145,807 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 145,807 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth approximately $42,000. MeadowBrook Investment Advisors LLC grew its position in Eaton Vance Floating-Rate Income Trust by 55.0% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock worth $51,000 after purchasing an additional 1,450 shares during the last quarter. Advisory Services Network LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at $69,000. Comerica Bank increased its stake in Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 883 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 15.9% in the third quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock valued at $137,000 after buying an additional 1,604 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

NYSE:EFT traded down $0.02 during midday trading on Thursday, hitting $11.44. 58,069 shares of the company were exchanged, compared to its average volume of 129,704. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.44 and a fifty-two week high of $13.54. The company has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $11.73.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were given a $0.086 dividend. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.