Short Interest in Eaton Vance Senior Income Trust (NYSE:EVF) Grows By 187.3%

Eaton Vance Senior Income Trust (NYSE:EVF) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 51,112 shares, an increase of 187.3% from the February 26th total of 17,788 shares. Based on an average daily volume of 98,866 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 98,866 shares, the short-interest ratio is currently 0.5 days.

Eaton Vance Senior Income Trust Price Performance

NYSE:EVF remained flat at $4.98 during trading hours on Wednesday. The company had a trading volume of 43,787 shares, compared to its average volume of 103,003. Eaton Vance Senior Income Trust has a 52-week low of $4.77 and a 52-week high of $5.91. The company has a 50-day simple moving average of $5.18 and a two-hundred day simple moving average of $5.32.

Eaton Vance Senior Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th will be given a dividend of $0.039 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Eaton Vance Senior Income Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Eaton Vance Senior Income Trust during the 2nd quarter worth approximately $26,000. Kestra Advisory Services LLC purchased a new stake in Eaton Vance Senior Income Trust in the fourth quarter valued at $27,000. WFA of San Diego LLC acquired a new position in Eaton Vance Senior Income Trust in the second quarter valued at $33,000. Citadel Advisors LLC purchased a new position in shares of Eaton Vance Senior Income Trust during the third quarter worth about $55,000. Finally, HRT Financial LP acquired a new stake in shares of Eaton Vance Senior Income Trust during the fourth quarter worth about $57,000.

About Eaton Vance Senior Income Trust

Eaton Vance Senior Income Trust (NYSE: EVF) is a closed-end management investment company that seeks high current income while preserving capital. Externally managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following its 2021 acquisition, the trust offers investors exposure to a diversified portfolio of floating-rate senior secured loans and other corporate debt instruments.

The trust’s investment strategy is centered on senior secured bank loans, which typically carry floating interest rates and enjoy priority over other debt in a borrower’s capital structure.