Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Rises By 30.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 144,100 shares, an increase of 30.8% from the October 15th total of 110,200 shares. Based on an average daily volume of 82,300 shares, the days-to-cover ratio is presently 1.8 days.

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

Institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter worth approximately $171,000. Oppenheimer & Co. Inc. grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 5.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,840 shares of the company’s stock valued at $311,000 after purchasing an additional 1,156 shares during the period. Garner Asset Management Corp boosted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 1.6% during the 2nd quarter. Garner Asset Management Corp now owns 69,398 shares of the company’s stock worth $908,000 after acquiring an additional 1,096 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Eaton Vance Senior Floating-Rate Trust by 16.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,734 shares of the company’s stock valued at $363,000 after purchasing an additional 3,901 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 133.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 23,939 shares of the company’s stock valued at $313,000 after acquiring an additional 13,664 shares during the period.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of NYSE:EFR opened at $12.87 on Friday. The firm has a fifty day moving average price of $12.73 and a two-hundred day moving average price of $12.93. Eaton Vance Senior Floating-Rate Trust has a one year low of $12.07 and a one year high of $13.40.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 9.32%. The ex-dividend date of this dividend is Thursday, November 21st.

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.