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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 19,309 shares, a drop of 27.7% from the December 15th total of 26,706 shares. Based on an average daily volume of 248,497 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 248,497 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Oregon Pacific Wealth Management LLC grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 3.5% during the third quarter. Oregon Pacific Wealth Management LLC now owns 28,814 shares of the company’s stock valued at $330,000 after purchasing an additional 973 shares during the last quarter. Ethos Financial Group LLC increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 0.4% in the 3rd quarter. Ethos Financial Group LLC now owns 246,196 shares of the company’s stock valued at $2,816,000 after buying an additional 1,059 shares during the period. Fortitude Advisory Group L.L.C. raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 6.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 19,879 shares of the company’s stock worth $227,000 after acquiring an additional 1,266 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 7.3% during the second quarter. Prospera Financial Services Inc now owns 18,739 shares of the company’s stock worth $227,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Altman Advisors Inc. lifted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 5.2% during the second quarter. Altman Advisors Inc. now owns 55,924 shares of the company’s stock valued at $678,000 after acquiring an additional 2,780 shares during the period.

Eaton Vance Senior Floating-Rate Trust Price Performance

Eaton Vance Senior Floating-Rate Trust stock traded down $0.01 during trading hours on Monday, hitting $11.23. 76,253 shares of the stock were exchanged, compared to its average volume of 110,778. The business’s 50-day moving average is $11.15 and its two-hundred day moving average is $11.46. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.40 and a 12 month high of $13.38.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.077 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Thursday, January 15th.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.