Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Drops By 72.7%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 14,100 shares, a drop of 72.7% from the April 30th total of 51,700 shares. Based on an average daily trading volume, of 107,600 shares, the short-interest ratio is currently 0.1 days.

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

Institutional investors have recently made changes to their positions in the stock. Ethos Financial Group LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth about $2,962,000. Collar Capital Management LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 4th quarter worth about $1,679,000. Guggenheim Capital LLC grew its position in Eaton Vance Senior Floating-Rate Trust by 16.2% in the 4th quarter. Guggenheim Capital LLC now owns 670,887 shares of the company’s stock worth $8,587,000 after purchasing an additional 93,289 shares in the last quarter. Advisors Asset Management Inc. grew its position in Eaton Vance Senior Floating-Rate Trust by 23.4% in the 4th quarter. Advisors Asset Management Inc. now owns 448,490 shares of the company’s stock worth $5,741,000 after purchasing an additional 84,911 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 42.2% during the 1st quarter. LPL Financial LLC now owns 172,964 shares of the company’s stock valued at $2,119,000 after acquiring an additional 51,296 shares during the period.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of NYSE EFR opened at $11.97 on Friday. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.40 and a twelve month high of $13.38. The firm has a fifty day simple moving average of $11.76 and a 200 day simple moving average of $12.51.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.091 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.09 annualized dividend and a dividend yield of 9.12%.

Eaton Vance Senior Floating-Rate Trust Company Profile

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.