Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,500 shares, an increase of 228.0% from the April 15th total of 2,896 shares. Based on an average trading volume of 151,556 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of EFR stock traded down $0.12 on Friday, reaching $10.38. The company had a trading volume of 99,844 shares, compared to its average volume of 143,349. The company has a 50-day moving average of $10.47 and a 200-day moving average of $10.89. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. 1607 Capital Partners LLC bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter valued at about $3,799,000. Readystate Asset Management LP increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 271.9% in the 3rd quarter. Readystate Asset Management LP now owns 206,070 shares of the company’s stock valued at $2,357,000 after acquiring an additional 150,659 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Eaton Vance Senior Floating-Rate Trust by 8.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 573,268 shares of the company’s stock worth $6,558,000 after purchasing an additional 46,830 shares in the last quarter. Wolverine Asset Management LLC increased its stake in Eaton Vance Senior Floating-Rate Trust by 122.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 173,105 shares of the company’s stock worth $1,980,000 after purchasing an additional 95,265 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth approximately $142,000.

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.