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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 110,200 shares, a decrease of 8.8% from the September 30th total of 120,800 shares. Based on an average daily volume of 88,200 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth approximately $135,000. Edge Financial Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust during the first quarter worth about $138,000. Sanctuary Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust during the second quarter worth about $160,000. Private Advisor Group LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust during the third quarter worth about $171,000. 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 Trading Up 0.2 %

Shares of Eaton Vance Senior Floating-Rate Trust stock opened at $12.77 on Friday. Eaton Vance Senior Floating-Rate Trust has a fifty-two week low of $11.48 and a fifty-two week high of $13.40. The firm has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $12.95.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.104 per share. This represents a $1.25 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date of this dividend was Wednesday, October 23rd.

About Eaton Vance Senior Floating-Rate Trust

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.