Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Increases By 103.2%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 59,025 shares, an increase of 103.2% from the January 29th total of 29,050 shares. Based on an average trading volume of 96,039 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 96,039 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 8.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock valued at $6,626,000 after purchasing an additional 45,242 shares during the period. Wolverine Asset Management LLC grew its stake in Eaton Vance Floating-Rate Income Trust by 71.2% during the third quarter. Wolverine Asset Management LLC now owns 118,915 shares of the investment management company’s stock worth $1,400,000 after purchasing an additional 49,461 shares during the period. HBK Sorce Advisory LLC increased its holdings in Eaton Vance Floating-Rate Income Trust by 22.9% in the second quarter. HBK Sorce Advisory LLC now owns 35,846 shares of the investment management company’s stock worth $447,000 after purchasing an additional 6,688 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its stake in Eaton Vance Floating-Rate Income Trust by 55.0% in the second quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock valued at $51,000 after buying an additional 1,450 shares during the period. Finally, Readystate Asset Management LP boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 271.2% during the 3rd quarter. Readystate Asset Management LP now owns 140,990 shares of the investment management company’s stock worth $1,659,000 after buying an additional 103,012 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of Eaton Vance Floating-Rate Income Trust stock traded down $0.10 during trading on Friday, hitting $10.91. The company’s stock had a trading volume of 171,001 shares, compared to its average volume of 114,780. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.44 and a 52 week high of $13.26. The stock has a 50-day moving average price of $11.36 and a two-hundred day moving average price of $11.57.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Tuesday, February 17th.

Eaton Vance Floating-Rate Income Trust Company Profile

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.