Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Up 13.1% in October

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 226,600 shares, an increase of 13.1% from the September 30th total of 200,400 shares. Based on an average daily trading volume, of 95,200 shares, the short-interest ratio is currently 2.4 days.

Eaton Vance Floating-Rate Income Trust Trading Up 0.8 %

Shares of NYSE EFT traded up $0.10 during midday trading on Thursday, reaching $13.11. The company had a trading volume of 86,298 shares, compared to its average volume of 91,192. The business’s 50-day simple moving average is $12.99 and its 200 day simple moving average is $13.25. Eaton Vance Floating-Rate Income Trust has a 1 year low of $11.69 and a 1 year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be issued a dividend of $0.109 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.31 annualized dividend and a dividend yield of 9.98%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EFT. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth $40,000. NBC Securities Inc. raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 106.8% during the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after purchasing an additional 2,350 shares during the last quarter. Comerica Bank raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 87.4% during the first quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock worth $95,000 after purchasing an additional 3,330 shares during the last quarter. Private Advisor Group LLC increased its holdings in Eaton Vance Floating-Rate Income Trust by 17.1% in the third quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock valued at $264,000 after buying an additional 3,000 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at $322,000.

Eaton Vance Floating-Rate Income Trust Company Profile

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.