Short Interest in Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE:EFL) Increases By 232.7%

Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE:EFL) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 16,300 shares, a growth of 232.7% from the September 15th total of 4,900 shares. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is currently 0.4 days.

Several institutional investors have recently added to or reduced their stakes in EFL. Resources Investment Advisors LLC. lifted its stake in Eaton Vance Floating-Rate 2022 Target Term Trust by 45.3% during the second quarter. Resources Investment Advisors LLC. now owns 17,045 shares of the company’s stock worth $161,000 after purchasing an additional 5,313 shares during the last quarter. Moors & Cabot Inc. bought a new position in Eaton Vance Floating-Rate 2022 Target Term Trust during the second quarter worth $104,000. Magnus Financial Group LLC lifted its stake in Eaton Vance Floating-Rate 2022 Target Term Trust by 24.3% during the second quarter. Magnus Financial Group LLC now owns 24,039 shares of the company’s stock worth $227,000 after purchasing an additional 4,700 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Eaton Vance Floating-Rate 2022 Target Term Trust during the second quarter worth $140,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Eaton Vance Floating-Rate 2022 Target Term Trust by 13.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,355 shares of the company’s stock worth $183,000 after purchasing an additional 2,288 shares during the last quarter.

NYSE:EFL remained flat at $$9.28 during trading hours on Thursday. 123,972 shares of the company’s stock traded hands, compared to its average volume of 51,159. Eaton Vance Floating-Rate 2022 Target Term Trust has a one year low of $8.38 and a one year high of $10.05. The firm has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $9.42.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 19th. Stockholders of record on Tuesday, October 12th will be paid a dividend of $0.032 per share. This represents a $0.38 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Friday, October 8th.

About Eaton Vance Floating-Rate 2022 Target Term Trust

The Trust’s investment objectives are high current income and to return $9.851 per share (the original net asset value) to holders of common shares on or about October 31, 20222 (“Termination Date”).

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