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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 110,200 shares, a drop of 8.8% from the September 30th total of 120,800 shares. Based on an average daily trading volume, of 88,200 shares, the days-to-cover ratio is currently 1.2 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Eaton Vance Senior Floating-Rate Trust stock opened at $12.77 on Friday. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $11.48 and a 12 month high of $13.40. The stock’s 50-day moving average is $12.72 and its 200-day moving average is $12.95.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd were issued a $0.104 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $1.25 annualized dividend and a yield of 9.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the first quarter worth $135,000. Edge Financial Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at $138,000. Sanctuary Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter valued at $160,000. Private Advisor Group LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the third quarter valued at about $171,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the first quarter worth about $217,000.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.