Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Update

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 133,300 shares, a decline of 58.2% from the February 28th total of 318,700 shares. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is presently 1.7 days.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE:EFR traded down $0.03 during midday trading on Friday, hitting $12.22. The company’s stock had a trading volume of 90,304 shares, compared to its average volume of 84,366. Eaton Vance Senior Floating-Rate Trust has a fifty-two week low of $12.15 and a fifty-two week high of $13.40. The firm’s 50 day moving average is $12.82 and its 200-day moving average is $12.83.

Eaton Vance Senior Floating-Rate Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.091 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.09 annualized dividend and a dividend yield of 8.94%.

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

Several hedge funds have recently added to or reduced their stakes in EFR. National Bank of Canada FI lifted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 29.4% in the 3rd quarter. National Bank of Canada FI now owns 3,519 shares of the company’s stock valued at $45,000 after buying an additional 800 shares during the period. Oppenheimer & Co. Inc. raised its position in Eaton Vance Senior Floating-Rate Trust by 5.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 28,162 shares of the company’s stock valued at $360,000 after acquiring an additional 1,367 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in Eaton Vance Senior Floating-Rate Trust by 13.5% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 18,498 shares of the company’s stock valued at $237,000 after acquiring an additional 2,199 shares during the period. Stifel Financial Corp boosted its position in Eaton Vance Senior Floating-Rate Trust by 25.3% in the 3rd quarter. Stifel Financial Corp now owns 14,721 shares of the company’s stock worth $188,000 after purchasing an additional 2,968 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 4th quarter worth approximately $43,000.

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.