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
Eaton Vance Floating-Rate Income Trust Company Profile
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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