Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Update

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 67,174 shares, a growth of 118.9% from the April 15th total of 30,690 shares. Based on an average trading volume of 109,559 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its position in Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after purchasing an additional 883 shares during the last quarter. NewEdge Advisors LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 0.9% in the third quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock worth $1,456,000 after purchasing an additional 1,105 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 10.3% in the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock worth $158,000 after purchasing an additional 1,251 shares during the last quarter. MeadowBrook Investment Advisors LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 33.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock worth $64,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Gould Capital LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 93.7% in the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,360 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Down 0.8%

Eaton Vance Floating-Rate Income Trust stock opened at $10.92 on Friday. Eaton Vance Floating-Rate Income Trust has a one year low of $10.34 and a one year high of $12.67. The business’s fifty day moving average is $10.78 and its 200 day moving average is $11.15.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, May 15th.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.