Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Decreases By 64.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,343 shares, a decline of 64.8% from the April 30th total of 9,500 shares. Based on an average daily trading volume, of 123,605 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EFR. 1607 Capital Partners LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter valued at about $3,799,000. Readystate Asset Management LP lifted its position in Eaton Vance Senior Floating-Rate Trust by 271.9% during the 3rd quarter. Readystate Asset Management LP now owns 206,070 shares of the company’s stock worth $2,357,000 after acquiring an additional 150,659 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Eaton Vance Senior Floating-Rate Trust by 8.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 573,268 shares of the company’s stock worth $6,558,000 after acquiring an additional 46,830 shares during the period. Wolverine Asset Management LLC boosted its holdings in Eaton Vance Senior Floating-Rate Trust by 41.7% in the 4th quarter. Wolverine Asset Management LLC now owns 245,318 shares of the company’s stock worth $2,733,000 after acquiring an additional 72,213 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the first quarter valued at approximately $112,000.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of EFR stock traded down $0.04 during mid-day trading on Monday, reaching $10.48. The company’s stock had a trading volume of 188,615 shares, compared to its average volume of 142,987. The company’s 50 day simple moving average is $10.47 and its 200-day simple moving average is $10.83. Eaton Vance Senior Floating-Rate Trust has a 12-month low of $10.11 and a 12-month high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.067 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date was Friday, May 15th.

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.