Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 41,345 shares, a drop of 51.6% from the July 30th total of 85,378 shares. Based on an average daily trading volume, of 145,082 shares, the short-interest ratio is presently 0.3 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

NYSE EFR traded down $0.04 on Monday, reaching $10.53. The company had a trading volume of 265,522 shares, compared to its average volume of 134,097. The firm’s 50 day moving average price is $10.61 and its 200 day moving average price is $10.57. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $11.76.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.07 dividend. This is an increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFR. 1607 Capital Partners LLC increased its position in Eaton Vance Senior Floating-Rate Trust by 331.3% in the fourth quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock worth $15,954,000 after purchasing an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth $9,520,000. Invesco Ltd. grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 1.9% in the 4th quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock worth $6,388,000 after buying an additional 10,707 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 8.6% in the 1st quarter. Bank of America Corp DE now owns 481,794 shares of the company’s stock worth $5,078,000 after buying an additional 38,244 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 19.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 469,630 shares of the company’s stock valued at $5,369,000 after buying an additional 77,247 shares in the last quarter.

About Eaton Vance Senior Floating-Rate Trust

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.