Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Up 13.1% in October

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 226,600 shares, an increase of 13.1% from the September 30th total of 200,400 shares. Based on an average daily volume of 95,200 shares, the short-interest ratio is currently 2.4 days.

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

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates boosted its stake in Eaton Vance Floating-Rate Income Trust by 8.2% in the third quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after acquiring an additional 35,926 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Eaton Vance Floating-Rate Income Trust by 5.8% in the first quarter. Advisors Asset Management Inc. now owns 406,148 shares of the investment management company’s stock valued at $5,406,000 after acquiring an additional 22,430 shares in the last quarter. GraniteShares Advisors LLC raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock worth $2,058,000 after buying an additional 19,125 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 3.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 125,374 shares of the investment management company’s stock worth $1,615,000 after buying an additional 4,302 shares during the last quarter. Finally, Garner Asset Management Corp raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 4.6% in the second 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 during the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT traded up $0.10 during midday trading on Thursday, reaching $13.11. 86,298 shares of the company’s stock traded hands, compared to its average volume of 91,192. The stock’s 50 day simple moving average is $12.99 and its 200-day simple moving average is $13.25. Eaton Vance Floating-Rate Income Trust has a one year low of $11.69 and a one year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be paid a $0.109 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $1.31 annualized dividend and a yield of 9.98%.

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.