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

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

Eaton Vance Floating-Rate Income Trust Stock Down 2.4 %

EFT stock traded down $0.31 on Wednesday, hitting $12.83. The company’s stock had a trading volume of 355,710 shares, compared to its average volume of 88,503. The firm has a 50 day moving average of $13.29 and a two-hundred day moving average of $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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.103 per share. 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 Trading of Eaton Vance Floating-Rate Income Trust

Institutional investors have recently modified their holdings of the company. MeadowBrook Investment Advisors LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 18.0% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock worth $68,000 after purchasing an additional 800 shares during the period. NBC Securities Inc. raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 106.8% during the 3rd quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock valued at $58,000 after buying an additional 2,350 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance Floating-Rate Income Trust during the 2nd quarter worth approximately $40,000. Private Advisor Group LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 17.1% in the 3rd quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock worth $264,000 after acquiring an additional 3,000 shares during the period. Finally, Garner Asset Management Corp grew its position in Eaton Vance Floating-Rate Income Trust by 4.6% in the second quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after acquiring an additional 3,105 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.