Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Drops By 5.5%

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

Eaton Vance Floating-Rate Income Trust Price Performance

NYSE:EFT opened at $13.18 on Monday. The business has a fifty day simple moving average of $13.28 and a two-hundred day simple moving average of $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 disclosed a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.103 dividend. This represents a $1.24 annualized dividend and a yield of 9.38%. The ex-dividend date of this dividend was Monday, December 30th.

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

Several institutional investors have recently added to or reduced their stakes in EFT. Advisors Asset Management Inc. increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock worth $5,420,000 after purchasing an additional 57,478 shares in the last quarter. Shaker Financial Services LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $705,000. Commonwealth Equity Services LLC grew its stake in Eaton Vance Floating-Rate Income Trust by 297.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock valued at $686,000 after buying an additional 38,282 shares in the last quarter. Raymond James & Associates raised its holdings in Eaton Vance Floating-Rate Income Trust by 8.2% during the 3rd quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after acquiring an additional 35,926 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the third quarter worth $367,000.

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.