Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Up 32.0% in February

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 272,800 shares, an increase of 32.0% from the January 31st total of 206,600 shares. Based on an average daily volume of 72,700 shares, the short-interest ratio is currently 3.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in Eaton Vance Senior Floating-Rate Trust by 29.4% in the 3rd quarter. National Bank of Canada FI now owns 3,519 shares of the company’s stock valued at $45,000 after purchasing an additional 800 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Eaton Vance Senior Floating-Rate Trust in the 4th quarter valued at about $43,000. Dunhill Financial LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the 4th quarter valued at about $93,000. Orion Portfolio Solutions LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 3rd quarter worth about $154,000. Finally, Private Advisor Group LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 3rd quarter worth about $171,000.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE:EFR traded down $0.18 on Tuesday, reaching $12.76. The stock had a trading volume of 160,639 shares, compared to its average volume of 85,407. The firm’s fifty day moving average is $13.00 and its two-hundred day moving average is $12.88. Eaton Vance Senior Floating-Rate Trust has a 12-month low of $12.32 and a 12-month high of $13.40.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.091 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.09 dividend on an annualized basis and a yield of 8.56%.

About Eaton Vance Senior Floating-Rate Trust

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.