Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 41,345 shares, a drop of 51.6% from the July 30th total of 85,378 shares. Based on an average daily trading volume, of 145,082 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth approximately $112,000. Fifth Third Bancorp purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at $125,000. Cetera Investment Advisers purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the second quarter valued at $130,000. Comerica Bank lifted its position in Eaton Vance Senior Floating-Rate Trust by 118.8% during the third quarter. Comerica Bank now owns 12,034 shares of the company’s stock valued at $138,000 after purchasing an additional 6,534 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at $142,000.

Eaton Vance Senior Floating-Rate Trust Stock Up 0.3%

EFR stock traded up $0.03 during trading on Friday, reaching $10.56. The stock had a trading volume of 59,850 shares, compared to its average volume of 133,300. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $11.76. The stock’s 50 day moving average is $10.61 and its two-hundred day moving average is $10.58.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.07 per share. This is an increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Friday, August 14th.

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.