Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Rises By 30.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 144,100 shares, a growth of 30.8% from the October 15th total of 110,200 shares. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is currently 1.8 days.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.6 %

Shares of EFR stock opened at $12.81 on Friday. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $12.07 and a 1 year high of $13.40. The stock has a fifty day moving average of $12.73 and a two-hundred day moving average of $12.93.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 9.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC boosted its position in Eaton Vance Senior Floating-Rate Trust by 39.0% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 27,801 shares of the company’s stock worth $354,000 after acquiring an additional 7,800 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth $358,000. Advisors Asset Management Inc. raised its stake in shares of Eaton Vance Senior Floating-Rate Trust by 19.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 363,579 shares of the company’s stock worth $4,636,000 after buying an additional 60,003 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of Eaton Vance Senior Floating-Rate Trust by 8.0% in the 3rd quarter. Prospera Financial Services Inc now owns 14,851 shares of the company’s stock worth $189,000 after buying an additional 1,095 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Eaton Vance Senior Floating-Rate Trust by 4.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,795 shares of the company’s stock worth $342,000 after buying an additional 1,072 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.