Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Sees Large Decline in Short Interest

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 27,635 shares, a decline of 63.9% from the March 15th total of 76,645 shares. Based on an average daily trading volume, of 242,973 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fund Advisors of America Inc FL acquired a new position in Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth $218,000. Sit Investment Associates Inc. acquired a new position in Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth $2,935,000. Invesco Ltd. boosted its stake in Eaton Vance Senior Floating-Rate Trust by 1.9% during the fourth quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock worth $6,388,000 after buying an additional 10,707 shares during the last quarter. XTX Topco Ltd acquired a new position in Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth $501,000. Finally, Rivernorth Capital Management LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth $3,707,000.

Eaton Vance Senior Floating-Rate Trust Stock Performance

NYSE EFR traded up $0.05 on Tuesday, reaching $10.58. 23,725 shares of the company were exchanged, compared to its average volume of 145,017. The business’s fifty day moving average price is $10.64 and its 200 day moving average price is $11.01. Eaton Vance Senior Floating-Rate Trust has a fifty-two week low of $10.11 and a fifty-two week high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.068 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.