Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Sees Significant Decrease in Short Interest

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 278,300 shares, a drop of 16.3% from the February 28th total of 332,400 shares. Based on an average trading volume of 86,700 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at $8,328,000. Guggenheim Capital LLC raised its stake in Eaton Vance Floating-Rate Income Trust by 8.1% during the fourth quarter. Guggenheim Capital LLC now owns 604,100 shares of the investment management company’s stock worth $7,751,000 after acquiring an additional 45,394 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 18.1% in the fourth quarter. Advisors Asset Management Inc. now owns 496,886 shares of the investment management company’s stock worth $6,375,000 after acquiring an additional 76,050 shares during the last quarter. LPL Financial LLC increased its position in Eaton Vance Floating-Rate Income Trust by 3.5% during the 4th quarter. LPL Financial LLC now owns 165,572 shares of the investment management company’s stock worth $2,124,000 after purchasing an additional 5,631 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Eaton Vance Floating-Rate Income Trust by 9.8% in the fourth quarter. Ameriprise Financial Inc. now owns 70,100 shares of the investment management company’s stock valued at $899,000 after buying an additional 6,269 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE EFT traded down $0.25 during trading on Thursday, reaching $12.15. The company’s stock had a trading volume of 78,641 shares, compared to its average volume of 84,142. The firm has a 50 day moving average price of $13.04 and a 200 day moving average price of $13.11. Eaton Vance Floating-Rate Income Trust has a 12 month low of $12.15 and a 12 month high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend is Tuesday, April 15th.

About Eaton Vance Floating-Rate Income Trust

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.