Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Up 252.5% in March

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 76,645 shares, a growth of 252.5% from the February 26th total of 21,745 shares. Based on an average daily volume of 202,695 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 202,695 shares, the days-to-cover ratio is currently 0.4 days.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.1%

EFR stock opened at $10.46 on Wednesday. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.31 and a 12 month high of $12.43. The firm’s 50-day moving average is $10.87 and its 200 day moving average is $11.13.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EFR. Oregon Pacific Wealth Management LLC raised its position in Eaton Vance Senior Floating-Rate Trust by 3.5% during the 3rd 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 in the last quarter. Ethos Financial Group LLC grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 0.4% during the 3rd quarter. Ethos Financial Group LLC now owns 246,196 shares of the company’s stock worth $2,816,000 after buying an additional 1,059 shares in the last quarter. Fortitude Advisory Group L.L.C. increased its stake 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 valued at $227,000 after buying an additional 1,266 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 8.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 38,343 shares of the company’s stock valued at $427,000 after buying an additional 3,141 shares during the period. Finally, Verity Asset Management Inc. raised its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 2.7% in the third quarter. Verity Asset Management Inc. now owns 128,561 shares of the company’s stock valued at $1,471,000 after acquiring an additional 3,331 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Company Profile

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.