Eaton Vance Senior Floating-Rate Trust (NYSE:EFR – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 41,345 shares, a drop of 51.6% from the July 30th total of 85,378 shares. Based on an average daily volume of 145,082 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Eaton Vance Senior Floating-Rate Trust
Several large investors have recently added to or reduced their stakes in EFR. Cetera Investment Advisers bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 2nd quarter worth $130,000. Invesco Ltd. increased its holdings in Eaton Vance Senior Floating-Rate Trust by 26.6% during the second quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock valued at $6,482,000 after buying an additional 112,523 shares during the period. Baird Financial Group Inc. bought a new position in Eaton Vance Senior Floating-Rate Trust in the second quarter worth approximately $1,538,000. Raymond James Financial Inc. raised its stake in Eaton Vance Senior Floating-Rate Trust by 12.5% in the second quarter. Raymond James Financial Inc. now owns 52,793 shares of the company’s stock worth $640,000 after buying an additional 5,847 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Eaton Vance Senior Floating-Rate Trust by 38.1% during the second quarter. Osaic Holdings Inc. now owns 37,966 shares of the company’s stock worth $460,000 after buying an additional 10,478 shares during the period.
Eaton Vance Senior Floating-Rate Trust Stock Up 0.3%
Shares of NYSE:EFR traded up $0.03 on Friday, hitting $10.56. 59,850 shares of the company’s stock were exchanged, compared to its average volume of 133,300. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $11.76. The business’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $10.58.
Eaton Vance Senior Floating-Rate Trust Increases Dividend
About Eaton Vance Senior Floating-Rate Trust
Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.
The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.
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