Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Sees Significant Drop in Short Interest

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 344,000 shares, a decline of 5.5% from the December 31st total of 364,000 shares. Based on an average daily trading volume, of 79,800 shares, the short-interest ratio is presently 4.3 days.

Eaton Vance Floating-Rate Income Trust Price Performance

Eaton Vance Floating-Rate Income Trust stock traded down $0.12 during midday trading on Monday, hitting $13.42. The company’s stock had a trading volume of 122,094 shares, compared to its average volume of 96,962. Eaton Vance Floating-Rate Income Trust has a 12 month low of $12.62 and a 12 month high of $13.88. The stock’s 50-day moving average price is $13.31 and its 200-day moving average price is $13.18.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.103 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.21%.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFT. Advisors Asset Management Inc. raised its holdings in Eaton Vance Floating-Rate Income Trust by 15.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock worth $5,420,000 after buying an additional 57,478 shares during the period. Shaker Financial Services LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth approximately $705,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at approximately $528,000. Raymond James & Associates lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 8.2% in 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 in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at approximately $367,000.

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.