Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Up 103.2% in February

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 59,025 shares, an increase of 103.2% from the January 29th total of 29,050 shares. Based on an average daily trading volume, of 96,039 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 96,039 shares, the days-to-cover ratio is presently 0.6 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

Eaton Vance Floating-Rate Income Trust stock traded down $0.10 during midday trading on Friday, hitting $10.91. 171,001 shares of the company were exchanged, compared to its average volume of 114,780. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.44 and a fifty-two week high of $13.26. The company’s fifty day moving average price is $11.35 and its 200-day moving average price is $11.56.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a dividend of $0.086 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Tuesday, February 17th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Eaton Vance Floating-Rate Income Trust by 8.7% during the third quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock worth $6,626,000 after buying an additional 45,242 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Eaton Vance Floating-Rate Income Trust by 71.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 118,915 shares of the investment management company’s stock valued at $1,400,000 after acquiring an additional 49,461 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in Eaton Vance Floating-Rate Income Trust by 22.9% during the 2nd 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 increased 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 worth $51,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Readystate Asset Management LP raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 271.2% in the 3rd quarter. Readystate Asset Management LP now owns 140,990 shares of the investment management company’s stock valued at $1,659,000 after purchasing an additional 103,012 shares in the last quarter.

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.