Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 5.9% in October

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 213,300 shares, a decrease of 5.9% from the October 15th total of 226,600 shares. Based on an average trading volume of 91,800 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EFT. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 2nd quarter valued at about $40,000. NBC Securities Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 106.8% during the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after buying an additional 2,350 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 18.0% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after buying an additional 800 shares in the last quarter. Comerica Bank lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 87.4% during the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after buying an additional 3,330 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at approximately $155,000.

Eaton Vance Floating-Rate Income Trust Trading Up 0.4 %

EFT opened at $13.41 on Wednesday. The stock has a fifty day simple moving average of $13.03 and a two-hundred day simple moving average of $13.23. Eaton Vance Floating-Rate Income Trust has a 12-month low of $12.02 and a 12-month high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.103 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.24 annualized dividend and a yield of 9.22%.

About Eaton Vance Floating-Rate Income Trust

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.