Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Sees Significant Increase in Short Interest

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 52,834 shares, a growth of 465.2% from the December 31st total of 9,348 shares. Based on an average trading volume of 145,807 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 145,807 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Floating-Rate Income Trust Trading Down 0.1%

EFT opened at $11.47 on Wednesday. The firm’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $11.73. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.44 and a fifty-two week high of $13.54.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.086 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFT. Ameritas Advisory Services LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $42,000. HBK Sorce Advisory LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 22.9% during the second quarter. HBK Sorce Advisory LLC now owns 35,846 shares of the investment management company’s stock worth $447,000 after acquiring an additional 6,688 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 55.0% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 1,450 shares during the period. Wolverine Asset Management LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 217.1% during the second quarter. Wolverine Asset Management LLC now owns 69,454 shares of the investment management company’s stock worth $867,000 after acquiring an additional 47,552 shares in the last quarter. Finally, Ethos Financial Group LLC raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 1.7% in the 2nd quarter. Ethos Financial Group LLC now owns 224,637 shares of the investment management company’s stock valued at $2,803,000 after purchasing an additional 3,714 shares during the period.

About Eaton Vance Floating-Rate Income Trust

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.