Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Up 34.6% in November

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 319,700 shares, a growth of 34.6% from the November 15th total of 237,500 shares. Based on an average daily trading volume, of 87,600 shares, the short-interest ratio is currently 3.6 days.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE:EFT traded up $0.05 during mid-day trading on Friday, hitting $13.52. 72,938 shares of the stock traded hands, compared to its average volume of 88,037. Eaton Vance Floating-Rate Income Trust has a 52 week low of $12.48 and a 52 week high of $13.88. The firm’s 50 day moving average is $13.22 and its two-hundred day moving average is $13.22.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.103 per share. This represents a $1.24 annualized dividend and a yield of 9.14%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several large investors have recently made changes to their positions in EFT. MeadowBrook Investment Advisors LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 18.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 800 shares during the period. NBC Securities Inc. boosted its stake in Eaton Vance Floating-Rate Income Trust by 106.8% during the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after buying an additional 2,350 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance Floating-Rate Income Trust during the second quarter worth $40,000. Private Advisor Group LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 17.1% during the third quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock worth $264,000 after purchasing an additional 3,000 shares during the period. Finally, Garner Asset Management Corp lifted its holdings in Eaton Vance Floating-Rate Income Trust by 4.6% during the 2nd quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock worth $947,000 after buying an additional 3,105 shares in the last quarter.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.