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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 344,000 shares, a decline of 5.5% from the December 15th total of 364,000 shares. Based on an average trading volume of 79,800 shares, the days-to-cover ratio is presently 4.3 days.

Eaton Vance Floating-Rate Income Trust Price Performance

EFT opened at $13.18 on Friday. The business’s 50-day moving average price is $13.28 and its two-hundred day moving average price is $13.18. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.59 and a 1 year high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.103 dividend. This represents a $1.24 annualized dividend and a yield of 9.38%. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the 2nd quarter worth about $40,000. NBC Securities Inc. grew its position in shares of Eaton Vance Floating-Rate Income Trust by 106.8% in the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after acquiring an additional 2,350 shares during the period. MeadowBrook Investment Advisors LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 18.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 800 shares during the period. Horizon Kinetics Asset Management LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $155,000. Finally, Landscape Capital Management L.L.C. bought a new position in Eaton Vance Floating-Rate Income Trust during the third quarter worth about $178,000.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.