Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Drops By 8.4%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 298,900 shares, a drop of 8.4% from the August 15th total of 326,400 shares. Based on an average daily volume of 76,100 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of EFT. International Assets Investment Management LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $555,000. Carolinas Wealth Consulting LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 31.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 4,856 shares of the investment management company’s stock worth $62,000 after acquiring an additional 1,149 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $31,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 10.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 109,622 shares of the investment management company’s stock worth $1,459,000 after acquiring an additional 10,716 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 5.8% in the first quarter. Advisors Asset Management Inc. now owns 406,148 shares of the investment management company’s stock worth $5,406,000 after acquiring an additional 22,430 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Down 0.5 %

EFT stock traded down $0.07 during midday trading on Wednesday, hitting $12.86. 91,824 shares of the company traded hands, compared to its average volume of 89,840. Eaton Vance Floating-Rate Income Trust has a twelve month low of $11.46 and a twelve month high of $13.88. The business has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $13.31.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.32 annualized dividend and a dividend yield of 10.26%.

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.