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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 52,738 shares, a decline of 42.0% from the March 15th total of 90,877 shares. Based on an average daily trading volume, of 181,094 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 883 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 0.9% in the third quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock valued at $1,456,000 after purchasing an additional 1,105 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 10.3% in the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 1,251 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 33.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock valued at $64,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Gould Capital LLC lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 93.7% in the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,360 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Down 0.6%

Shares of NYSE EFT traded down $0.07 on Wednesday, hitting $10.76. The company’s stock had a trading volume of 52,015 shares, compared to its average volume of 129,921. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.34 and a 12-month high of $12.67. The stock has a 50 day moving average of $10.89 and a 200-day moving average of $11.26.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a $0.069 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, April 15th.

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.