Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declines By 5.5%

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

Eaton Vance Floating-Rate Income Trust Trading Up 0.3 %

NYSE:EFT opened at $13.18 on Friday. The stock has a fifty day moving average price of $13.28 and a 200 day moving average price of $13.18. Eaton Vance Floating-Rate Income Trust has a 12-month low of $12.59 and a 12-month high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business 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 yield of 9.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates boosted its holdings in Eaton Vance Floating-Rate Income Trust by 8.2% in the third quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after purchasing an additional 35,926 shares during the period. Advisors Asset Management Inc. raised its stake 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 buying an additional 57,478 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Eaton Vance Floating-Rate Income Trust by 3.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 125,374 shares of the investment management company’s stock valued at $1,615,000 after buying an additional 4,302 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the third quarter valued at $705,000. Finally, Commonwealth Equity Services LLC raised its stake in Eaton Vance Floating-Rate Income Trust by 297.9% in the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock valued at $686,000 after buying an additional 38,282 shares in the last quarter.

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.