Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 35.5% in June

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 75,040 shares, a decrease of 35.5% from the June 15th total of 116,333 shares. Based on an average daily trading volume, of 95,282 shares, the days-to-cover ratio is presently 0.8 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of NYSE:EFR opened at $10.55 on Friday. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $12.14. The company’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $10.69.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.069 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.8%. This is a positive change from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at approximately $112,000. Fifth Third Bancorp acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth approximately $125,000. Cetera Investment Advisers acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 2nd quarter worth approximately $130,000. Comerica Bank grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 118.8% during the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after acquiring an additional 6,534 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the first quarter valued at approximately $142,000.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.