Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Increases By 92.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 21,745 shares, a growth of 92.8% from the February 12th total of 11,280 shares. Based on an average daily volume of 104,241 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 104,241 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gridiron Partners LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter worth about $33,000. Cetera Investment Advisers purchased a new position in Eaton Vance Senior Floating-Rate Trust during the 2nd quarter valued at approximately $130,000. Comerica Bank increased its stake in Eaton Vance Senior Floating-Rate Trust by 118.8% in the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after acquiring an additional 6,534 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth approximately $150,000. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 4th quarter worth approximately $163,000.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.4%

NYSE:EFR traded down $0.04 during trading hours on Friday, reaching $10.47. The company had a trading volume of 251,576 shares, compared to its average volume of 128,393. The firm’s 50 day moving average price is $10.99 and its 200-day moving average price is $11.20. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.31 and a 52 week high of $12.51.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a yield of 8.0%.

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.