Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declines By 5.5%

Posted by Amber O'Connor on Jan 19th, 2025

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 344,000 shares, a decline of 5.5% from the December 15th total of 364,000 shares. Based on an average daily volume of 79,800 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $341,000. Benjamin Edwards Inc. acquired a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $367,000. Walleye Capital LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $276,000. Horizon Kinetics Asset Management LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $155,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at about $178,000.

Eaton Vance Floating-Rate Income Trust Trading Up 0.3 %

EFT opened at $13.18 on Friday. The business’s 50-day simple moving average is $13.28 and its 200-day simple moving average is $13.18. Eaton Vance Floating-Rate Income Trust has a one year low of $12.59 and a one year high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a dividend of $0.103 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date was Monday, December 30th.

About Eaton Vance Floating-Rate Income Trust

(Get Free Report)

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.