Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 278,300 shares, a drop of 16.3% from the February 28th total of 332,400 shares. Based on an average daily volume of 86,700 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter valued at $276,000. Benjamin Edwards Inc. acquired a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $367,000. Morse Asset Management Inc bought a new position in Eaton Vance Floating-Rate Income Trust during the third quarter worth about $341,000. Union Bancaire Privee UBP SA acquired a new position in Eaton Vance Floating-Rate Income Trust during the fourth quarter worth approximately $108,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at approximately $528,000.

Eaton Vance Floating-Rate Income Trust Trading Down 2.0 %

Shares of NYSE:EFT traded down $0.25 during midday trading on Thursday, reaching $12.15. 78,641 shares of the company were exchanged, compared to its average volume of 84,142. The stock has a fifty day simple moving average of $13.04 and a two-hundred day simple moving average of $13.11. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $12.15 and a fifty-two week high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.094 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.13 annualized dividend and a dividend yield of 9.28%.

Eaton Vance Floating-Rate Income Trust Company Profile

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.