Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Down 35.5% in June

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 75,040 shares, a drop of 35.5% from the June 15th total of 116,333 shares. Based on an average daily volume of 95,282 shares, the short-interest ratio is currently 0.8 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1607 Capital Partners LLC increased its position in shares of Eaton Vance Senior Floating-Rate Trust by 331.3% during the fourth quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock worth $15,954,000 after acquiring an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust during the 3rd quarter valued at approximately $9,520,000. Invesco Ltd. grew its stake in Eaton Vance Senior Floating-Rate Trust by 1.9% during the 4th quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock valued at $6,388,000 after purchasing an additional 10,707 shares in the last quarter. Bank of America Corp DE increased its holdings in Eaton Vance Senior Floating-Rate Trust by 8.6% during the 1st quarter. Bank of America Corp DE now owns 481,794 shares of the company’s stock worth $5,078,000 after purchasing an additional 38,244 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Eaton Vance Senior Floating-Rate Trust by 19.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 469,630 shares of the company’s stock worth $5,369,000 after purchasing an additional 77,247 shares during the last quarter.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE EFR opened at $10.55 on Friday. The company’s fifty day simple moving average is $10.53 and its 200-day simple moving average is $10.69. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $12.14.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.069 per share. This is a positive change from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.8%.

About Eaton Vance Senior Floating-Rate Trust

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.