Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 73.9% in August

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 11,214 shares, a decline of 73.9% from the August 15th total of 42,994 shares. Based on an average trading volume of 159,428 shares, the short-interest ratio is presently 0.1 days.

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

A number of institutional investors have recently made changes to their positions in EFT. CoreCap Advisors LLC boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 100.0% during the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 1,300 shares during the last quarter. Gould Capital LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 93.7% in the 4th quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,360 shares in the last quarter. Bard Associates Inc. purchased a new position in Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at about $56,000. Advisory Services Network LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter worth about $69,000. Finally, Comerica Bank boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 12.4% during the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after purchasing an additional 883 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Stock Up 0.3%

Shares of NYSE EFT traded up $0.03 on Friday, hitting $10.60. The company’s stock had a trading volume of 77,134 shares, compared to its average volume of 109,200. The stock has a 50 day moving average of $10.72 and a 200-day moving average of $10.77. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.34 and a 12-month high of $12.06.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.071 per share. This is a boost from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.