Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Grows By 40.1%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 151,400 shares, an increase of 40.1% from the November 30th total of 108,100 shares. Based on an average trading volume of 72,500 shares, the short-interest ratio is currently 2.1 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

Eaton Vance Senior Floating-Rate Trust stock traded down $0.01 during midday trading on Monday, reaching $12.94. The stock had a trading volume of 63,229 shares, compared to its average volume of 86,225. The stock’s 50-day simple moving average is $12.90 and its 200 day simple moving average is $12.89. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $12.32 and a twelve month high of $13.40.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a $0.102 dividend. This represents a $1.22 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 19.8% in the third quarter. Advisors Asset Management Inc. now owns 363,579 shares of the company’s stock valued at $4,636,000 after buying an additional 60,003 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 120.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 52,771 shares of the company’s stock valued at $673,000 after buying an additional 28,832 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter worth approximately $358,000. Midland Wealth Advisors LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the second quarter valued at $355,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth about $315,000.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.