Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Sees Large Growth in Short Interest

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 318,700 shares, a growth of 16.8% from the February 13th total of 272,800 shares. Based on an average trading volume of 78,700 shares, the days-to-cover ratio is currently 4.0 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of EFR traded up $0.03 during midday trading on Thursday, reaching $12.35. 56,789 shares of the stock were exchanged, compared to its average volume of 84,982. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $12.27 and a 52 week high of $13.40. The company’s 50 day moving average is $12.92 and its two-hundred day moving average is $12.86.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.091 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date of this dividend is Friday, March 14th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp raised its stake in Eaton Vance Senior Floating-Rate Trust by 25.3% in the third quarter. Stifel Financial Corp now owns 14,721 shares of the company’s stock valued at $188,000 after buying an additional 2,968 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 4.2% in the third quarter. Oppenheimer & Co. Inc. now owns 26,795 shares of the company’s stock valued at $342,000 after purchasing an additional 1,072 shares during the period. National Bank of Canada FI increased its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 29.4% in the third quarter. National Bank of Canada FI now owns 3,519 shares of the company’s stock valued at $45,000 after purchasing an additional 800 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter valued at about $154,000. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 39.0% in the third quarter. Horizon Kinetics Asset Management LLC now owns 27,801 shares of the company’s stock valued at $354,000 after purchasing an additional 7,800 shares during the period.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.