Short Interest in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declines By 18.6%

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 226,600 shares, a decrease of 18.6% from the March 15th total of 278,300 shares. Based on an average daily trading volume, of 106,300 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 7.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 16,948 shares of the investment management company’s stock valued at $213,000 after acquiring an additional 1,135 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 8.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 31,450 shares of the investment management company’s stock worth $404,000 after purchasing an additional 2,341 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 4.2% during the fourth quarter. Wells Fargo & Company MN now owns 59,771 shares of the investment management company’s stock valued at $767,000 after purchasing an additional 2,410 shares during the period. Elequin Capital LP bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth about $42,000. Finally, NBC Securities Inc. increased its stake in Eaton Vance Floating-Rate Income Trust by 113,650.0% in the 1st quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $57,000 after buying an additional 4,546 shares during the period.

Eaton Vance Floating-Rate Income Trust Stock Up 0.9 %

Shares of NYSE:EFT traded up $0.11 during trading on Friday, reaching $11.78. The company’s stock had a trading volume of 57,908 shares, compared to its average volume of 90,606. The firm’s 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $12.99. Eaton Vance Floating-Rate Income Trust has a 12 month low of $10.44 and a 12 month high of $13.88.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.094 dividend. This represents a $1.13 annualized dividend and a yield of 9.58%. The ex-dividend date is Tuesday, April 15th.

Eaton Vance Floating-Rate Income Trust Company Profile

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.