Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Grows By 34.6%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 319,700 shares, a growth of 34.6% from the November 15th total of 237,500 shares. Based on an average daily volume of 87,600 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock worth $5,420,000 after purchasing an additional 57,478 shares during the last quarter. Shaker Financial Services LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $705,000. Commonwealth Equity Services LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 297.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after acquiring an additional 38,282 shares in the last quarter. Raymond James & Associates boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 8.2% during the 3rd quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after acquiring an additional 35,926 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the second quarter valued at $411,000.

Eaton Vance Floating-Rate Income Trust Trading Up 0.4 %

Shares of Eaton Vance Floating-Rate Income Trust stock traded up $0.05 on Friday, hitting $13.52. 72,938 shares of the company traded hands, compared to its average volume of 88,037. Eaton Vance Floating-Rate Income Trust has a 52 week low of $12.48 and a 52 week high of $13.88. The business has a 50-day simple moving average of $13.22 and a 200 day simple moving average of $13.22.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.103 dividend. This represents a $1.24 annualized dividend and a yield of 9.14%. The ex-dividend date of this dividend is Monday, December 23rd.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.