Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Rises By 13.9%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 364,000 shares, an increase of 13.9% from the November 30th total of 319,700 shares. Based on an average daily volume of 81,300 shares, the short-interest ratio is currently 4.5 days.

Eaton Vance Floating-Rate Income Trust Stock Down 2.4 %

Eaton Vance Floating-Rate Income Trust stock traded down $0.31 during trading hours on Wednesday, hitting $12.83. 355,710 shares of the stock traded hands, compared to its average volume of 88,503. The firm’s 50 day moving average price is $13.29 and its 200-day moving average price is $13.22. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.51 and a 1 year high of $13.88.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a $0.103 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.24 annualized dividend and a yield of 9.63%.

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

Several institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Eaton Vance Floating-Rate Income Trust by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock valued at $5,420,000 after purchasing an additional 57,478 shares during the period. Shaker Financial Services LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at approximately $705,000. Commonwealth Equity Services LLC boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 297.9% during the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock valued at $686,000 after acquiring an additional 38,282 shares during the last quarter. Raymond James & Associates boosted its position in Eaton Vance Floating-Rate Income Trust by 8.2% during the third quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock worth $6,078,000 after acquiring an additional 35,926 shares during the last quarter. Finally, Choreo LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the second quarter worth about $411,000.

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.