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 August. As of August 31st, there was short interest totalling 298,900 shares, a drop of 8.4% from the August 15th total of 326,400 shares. Based on an average daily volume of 76,100 shares, the short-interest ratio is presently 3.9 days.

Eaton Vance Floating-Rate Income Trust Stock Down 0.5 %

Eaton Vance Floating-Rate Income Trust stock opened at $12.86 on Thursday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $11.46 and a 1-year high of $13.88. The company has a fifty day simple moving average of $13.19 and a 200 day simple moving average of $13.31.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date is Friday, September 20th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at $555,000. Jones Financial Companies Lllp bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at about $31,000. GraniteShares Advisors LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 14.3% in the 2nd quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock valued at $2,058,000 after acquiring an additional 19,125 shares during the period. Carolinas Wealth Consulting LLC increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 31.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 4,856 shares of the investment management company’s stock worth $62,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 87.4% in the 1st quarter. Comerica Bank now owns 7,139 shares of the investment management company’s stock valued at $95,000 after purchasing an additional 3,330 shares during the period.

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.