Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Sees Large Increase in Short Interest

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 319,700 shares, a growth of 34.6% from the November 15th total of 237,500 shares. Based on an average trading volume of 87,600 shares, the days-to-cover ratio is currently 3.6 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of EFT. Raymond James & Associates raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 8.2% in the 3rd 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 in the last quarter. Advisors Asset Management Inc. grew its position in Eaton Vance Floating-Rate Income Trust by 15.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock worth $5,420,000 after purchasing an additional 57,478 shares during the last quarter. GraniteShares Advisors LLC increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock valued at $2,058,000 after purchasing an additional 19,125 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 3.6% during 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 during the last quarter. Finally, Garner Asset Management Corp boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 4.6% during the second quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock worth $947,000 after buying an additional 3,105 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Performance

EFT stock traded up $0.05 during trading on Friday, reaching $13.52. The stock had a trading volume of 72,938 shares, compared to its average volume of 88,037. The firm has a fifty day moving average price of $13.22 and a 200 day moving average price of $13.22. Eaton Vance Floating-Rate Income Trust has a 1-year low of $12.48 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 Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.103 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 9.14%.

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.