Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 52,834 shares, an increase of 465.2% from the December 31st total of 9,348 shares. Based on an average daily trading volume, of 145,807 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 145,807 shares, the short-interest ratio is currently 0.4 days.

Eaton Vance Floating-Rate Income Trust Trading Down 0.2%

EFT stock opened at $11.44 on Friday. The business’s fifty day moving average price is $11.39 and its 200 day moving average price is $11.73. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.44 and a 12-month high of $13.54.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a $0.086 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 9.0%.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 6,028.1% in the second quarter. NewEdge Advisors LLC now owns 122,562 shares of the investment management company’s stock worth $1,530,000 after acquiring an additional 120,562 shares in the last quarter. Readystate Asset Management LP increased its holdings in 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 purchasing an additional 103,012 shares during the period. Invesco Ltd. raised its position in Eaton Vance Floating-Rate Income Trust by 22.7% in the 2nd quarter. Invesco Ltd. now owns 503,658 shares of the investment management company’s stock valued at $6,286,000 after purchasing an additional 93,272 shares in the last quarter. 1607 Capital Partners LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $860,000. Finally, Raymond James Financial Inc. grew its position in shares of Eaton Vance Floating-Rate Income Trust by 8.3% during the second quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock worth $10,360,000 after buying an additional 63,716 shares in the last quarter.

About Eaton Vance Floating-Rate Income Trust

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.