Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 57.6% in June

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 86,256 shares, a drop of 57.6% from the May 31st total of 203,297 shares. Based on an average trading volume of 83,761 shares, the days-to-cover ratio is currently 1.0 days.

Eaton Vance Floating-Rate Income Trust Stock Up 0.4%

Shares of NYSE:EFT traded up $0.04 during midday trading on Monday, reaching $10.72. The company’s stock had a trading volume of 83,730 shares, compared to its average volume of 114,199. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.34 and a twelve month high of $12.67. The stock has a fifty day moving average of $10.83 and a 200 day moving average of $11.02.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Eaton Vance Floating-Rate Income Trust by 22.7% in the second quarter. Invesco Ltd. now owns 503,658 shares of the investment management company’s stock valued at $6,286,000 after purchasing an additional 93,272 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 6,028.1% in the second quarter. NewEdge Advisors LLC now owns 122,562 shares of the investment management company’s stock valued at $1,530,000 after purchasing an additional 120,562 shares during the period. Raymond James Financial Inc. grew its holdings in Eaton Vance Floating-Rate Income Trust by 8.3% in the second quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock valued at $10,360,000 after purchasing an additional 63,716 shares during the last quarter. Jane Street Group LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the 2nd quarter valued at about $218,000. Finally, Ameriprise Financial Inc. lifted its stake in Eaton Vance Floating-Rate Income Trust by 29.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 44,684 shares of the investment management company’s stock valued at $558,000 after buying an additional 10,032 shares in the last quarter.

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.