Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declines By 72.9%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 9,348 shares, a decline of 72.9% from the December 15th total of 34,511 shares. Based on an average daily trading volume, of 190,368 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 190,368 shares, the short-interest ratio is presently 0.0 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

Eaton Vance Floating-Rate Income Trust stock remained flat at $11.55 during midday trading on Wednesday. The company had a trading volume of 210,496 shares, compared to its average volume of 140,466. The firm has a fifty day moving average price of $11.36 and a 200-day moving average price of $11.80. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.44 and a 52-week high of $13.61.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Tuesday, December 30th. This is an increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08.

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

Large investors have recently made changes to their positions in the business. Comerica Bank increased its position in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after purchasing an additional 883 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Eaton Vance Floating-Rate Income Trust by 0.9% in the third quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock valued at $1,456,000 after buying an additional 1,105 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in Eaton Vance Floating-Rate Income Trust by 10.3% during the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock valued at $158,000 after buying an additional 1,251 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 33.0% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock worth $64,000 after buying an additional 1,350 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of Eaton Vance Floating-Rate Income Trust by 15.9% in the 3rd quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock worth $137,000 after acquiring an additional 1,604 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Company Profile

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.