Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Sees Significant Decline in Short Interest

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 133,300 shares, a decline of 58.2% from the February 28th total of 318,700 shares. Based on an average trading volume of 80,400 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Several large investors have recently added to or reduced their stakes in the stock. Collar Capital Management LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 4th quarter worth about $1,679,000. Guggenheim Capital LLC raised its stake in Eaton Vance Senior Floating-Rate Trust by 16.2% in the fourth quarter. Guggenheim Capital LLC now owns 670,887 shares of the company’s stock worth $8,587,000 after buying an additional 93,289 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Eaton Vance Senior Floating-Rate Trust by 23.4% in the fourth quarter. Advisors Asset Management Inc. now owns 448,490 shares of the company’s stock worth $5,741,000 after buying an additional 84,911 shares during the period. Raymond James Financial Inc. bought a new stake in Eaton Vance Senior Floating-Rate Trust during the 4th quarter valued at approximately $569,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 49.4% during the 4th quarter. Wells Fargo & Company MN now owns 134,391 shares of the company’s stock worth $1,720,000 after acquiring an additional 44,427 shares during the period.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.3 %

Shares of NYSE EFR traded down $0.03 during trading hours on Friday, hitting $12.22. The company’s stock had a trading volume of 90,304 shares, compared to its average volume of 84,366. The business has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $12.84. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $12.15 and a 12 month high of $13.40.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.091 per share. The ex-dividend date is Friday, March 14th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 8.94%.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.