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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 278,300 shares, a drop of 16.3% from the February 28th total of 332,400 shares. Based on an average trading volume of 86,700 shares, the short-interest ratio is presently 3.2 days.

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

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth $8,328,000. Guggenheim Capital LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 604,100 shares of the investment management company’s stock valued at $7,751,000 after buying an additional 45,394 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 18.1% during the fourth quarter. Advisors Asset Management Inc. now owns 496,886 shares of the investment management company’s stock valued at $6,375,000 after acquiring an additional 76,050 shares in the last quarter. LPL Financial LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 3.5% during the fourth quarter. LPL Financial LLC now owns 165,572 shares of the investment management company’s stock worth $2,124,000 after acquiring an additional 5,631 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 9.8% in the fourth quarter. Ameriprise Financial Inc. now owns 70,100 shares of the investment management company’s stock worth $899,000 after acquiring an additional 6,269 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT traded down $0.07 during midday trading on Tuesday, hitting $12.48. 66,223 shares of the company’s stock traded hands, compared to its average volume of 83,754. Eaton Vance Floating-Rate Income Trust has a twelve month low of $12.44 and a twelve month high of $13.88. The firm’s fifty day moving average price is $13.08 and its two-hundred day moving average price is $13.12.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.094 dividend. This represents a $1.13 annualized dividend and a dividend yield of 9.04%. The ex-dividend date of this dividend was Friday, March 14th.

About Eaton Vance Floating-Rate Income Trust

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.