Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Rises By 30.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 144,100 shares, an increase of 30.8% from the October 15th total of 110,200 shares. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Edge Financial Advisors LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth approximately $142,000. Sanctuary Advisors LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth approximately $160,000. Private Advisor Group LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 3rd quarter valued at approximately $171,000. J.W. Cole Advisors Inc. boosted its position in Eaton Vance Senior Floating-Rate Trust by 39.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,394 shares of the company’s stock valued at $188,000 after purchasing an additional 4,066 shares during the period. Finally, Prospera Financial Services Inc boosted its position in Eaton Vance Senior Floating-Rate Trust by 8.0% during the 3rd quarter. Prospera Financial Services Inc now owns 14,851 shares of the company’s stock valued at $189,000 after purchasing an additional 1,095 shares during the period.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.6 %

Shares of EFR opened at $12.81 on Friday. The stock has a 50 day moving average of $12.73 and a 200-day moving average of $12.93. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $12.07 and a 52 week high of $13.40.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 9.37%.

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.