Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Short Interest Climbs 299.0%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 29,283 shares, a growth of 299.0% from the September 15th total of 7,339 shares. Based on an average daily trading volume, of 158,589 shares, the days-to-cover ratio is presently 0.2 days.

Eaton Vance Floating-Rate Income Trust Stock Down 0.4%

Shares of EFT opened at $10.61 on Tuesday. The stock has a 50 day simple moving average of $10.65 and a two-hundred day simple moving average of $10.73. Eaton Vance Floating-Rate Income Trust has a 1 year low of $10.31 and a 1 year high of $11.89.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.9%. This is a drop from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.0710. The ex-dividend date of this dividend is Thursday, October 15th.

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

A number of institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 100.0% during the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after buying an additional 1,300 shares during the period. Gould Capital LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 93.7% during the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,360 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 12.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 21,520 shares of the investment management company’s stock worth $232,000 after buying an additional 2,342 shares during the period. Bard Associates Inc. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth about $56,000. Finally, Fifth Third Bancorp purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter worth about $124,000.

Eaton Vance Floating-Rate Income Trust Company Profile

(Get Free Report)

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

EFT invests principally in floating-rate loans and other floating-rate debt instruments. Its portfolio may include senior secured bank loans, corporate loans and other income-producing securities, including investments issued by companies with below-investment-grade credit ratings.

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