Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 71.3% in February

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 11,280 shares, a decrease of 71.3% from the January 29th total of 39,288 shares. Based on an average daily trading volume, of 115,356 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 115,356 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

A number of institutional investors have recently made changes to their positions in EFR. 1607 Capital Partners LLC grew its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 331.3% in the 4th quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock worth $15,954,000 after purchasing an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter worth approximately $9,520,000. Rivernorth Capital Management LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust in the fourth quarter valued at approximately $3,707,000. Gridiron Partners LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth approximately $33,000. Finally, Sit Investment Associates Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 4th quarter worth approximately $2,935,000.

Eaton Vance Senior Floating-Rate Trust Stock Performance

NYSE EFR traded down $0.10 on Friday, reaching $10.66. 118,875 shares of the stock traded hands, compared to its average volume of 109,356. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.40 and a 12 month high of $12.98. The firm’s fifty day simple moving average is $11.10 and its 200 day simple moving average is $11.28.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.077 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Tuesday, February 17th.

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.