Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Sees Large Decline in Short Interest

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 120,800 shares, a drop of 6.5% from the September 15th total of 129,200 shares. Based on an average trading volume of 88,900 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Institutional investors and hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth about $135,000. Edge Financial Advisors LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at approximately $138,000. Sanctuary Advisors LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter valued at approximately $160,000. Nomura Holdings Inc. bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 4th quarter worth approximately $190,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth approximately $217,000.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of Eaton Vance Senior Floating-Rate Trust stock remained flat at $12.68 during midday trading on Wednesday. 60,732 shares of the stock were exchanged, compared to its average volume of 91,428. Eaton Vance Senior Floating-Rate Trust has a fifty-two week low of $11.34 and a fifty-two week high of $13.40. The firm has a 50 day moving average of $12.72 and a 200 day moving average of $12.97.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $0.104 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 9.84%. The ex-dividend date is Wednesday, October 23rd.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.