Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 54.2% in December

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 26,706 shares, a decrease of 54.2% from the November 30th total of 58,370 shares. Based on an average daily volume of 222,236 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 222,236 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE EFR traded up $0.05 during mid-day trading on Friday, reaching $11.12. 244,456 shares of the stock were exchanged, compared to its average volume of 132,002. Eaton Vance Senior Floating-Rate Trust has a one year low of $10.40 and a one year high of $13.38. The stock has a 50 day simple moving average of $11.17 and a 200-day simple moving average of $11.54.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.077 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 8.3%.

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

Large investors have recently added to or reduced their stakes in the business. Oregon Pacific Wealth Management LLC increased its holdings in Eaton Vance Senior Floating-Rate Trust by 3.5% in the third quarter. Oregon Pacific Wealth Management LLC now owns 28,814 shares of the company’s stock worth $330,000 after purchasing an additional 973 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 0.4% during the 3rd quarter. Ethos Financial Group LLC now owns 246,196 shares of the company’s stock worth $2,816,000 after buying an additional 1,059 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 6.8% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 19,879 shares of the company’s stock worth $227,000 after buying an additional 1,266 shares during the period. Prospera Financial Services Inc increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 7.3% in the 2nd quarter. Prospera Financial Services Inc now owns 18,739 shares of the company’s stock valued at $227,000 after acquiring an additional 1,272 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 1.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 172,656 shares of the company’s stock valued at $2,115,000 after acquiring an additional 1,876 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.