Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Sees Large Decline in Short Interest

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 2,896 shares, a decline of 89.5% from the March 31st total of 27,635 shares. Based on an average daily trading volume, of 109,967 shares, the short-interest ratio is currently 0.0 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE:EFR traded down $0.02 during trading hours on Friday, hitting $10.48. 149,383 shares of the stock were exchanged, compared to its average volume of 143,133. Eaton Vance Senior Floating-Rate Trust has a 52-week low of $10.11 and a 52-week high of $12.21. The firm’s fifty day moving average price is $10.54 and its 200 day moving average price is $10.96.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.068 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Wednesday, April 15th.

Institutional Investors Weigh In On Eaton Vance Senior Floating-Rate Trust

Large investors have recently bought and sold shares of the company. CWM LLC increased its stake in Eaton Vance Senior Floating-Rate Trust by 81,184.5% during the 3rd quarter. CWM LLC now owns 125,991 shares of the company’s stock worth $1,441,000 after buying an additional 125,836 shares in the last quarter. 1607 Capital Partners LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the 3rd quarter worth approximately $3,799,000. Readystate Asset Management LP increased its stake 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 buying an additional 150,659 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 8.9% in the third quarter. Advisors Asset Management Inc. now owns 573,268 shares of the company’s stock valued at $6,558,000 after purchasing an additional 46,830 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 122.4% in the third quarter. Wolverine Asset Management LLC now owns 173,105 shares of the company’s stock valued at $1,980,000 after purchasing an additional 95,265 shares in the last quarter.

About Eaton Vance Senior Floating-Rate Trust

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.