Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Expands By 16.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 318,700 shares, an increase of 16.8% from the February 13th total of 272,800 shares. Based on an average daily volume of 78,700 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFR. Union Bancaire Privee UBP SA purchased a new position in Eaton Vance Senior Floating-Rate Trust in the fourth quarter worth $43,000. National Bank of Canada FI grew its position in Eaton Vance Senior Floating-Rate Trust by 29.4% in the third quarter. National Bank of Canada FI now owns 3,519 shares of the company’s stock worth $45,000 after acquiring an additional 800 shares in the last quarter. Dunhill Financial LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the fourth quarter worth $93,000. Orion Portfolio Solutions LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the third quarter worth $154,000. Finally, Focus Partners Wealth purchased a new position in Eaton Vance Senior Floating-Rate Trust in the fourth quarter worth $179,000.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.1 %

Shares of Eaton Vance Senior Floating-Rate Trust stock traded down $0.01 during trading on Wednesday, hitting $12.33. The stock had a trading volume of 56,197 shares, compared to its average volume of 84,914. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $12.32 and a 12 month high of $13.40. The business’s 50-day moving average is $12.93 and its 200 day moving average is $12.86.

Eaton Vance Senior Floating-Rate Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.091 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.09 annualized dividend and a dividend yield of 8.86%.

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.