Short Interest in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Rises By 30.8%

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 144,100 shares, an increase of 30.8% from the October 15th total of 110,200 shares. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

Several hedge funds and other institutional investors have recently modified their holdings of EFR. National Bank of Canada FI grew its stake in shares of Eaton Vance Senior Floating-Rate Trust by 29.4% during the third quarter. National Bank of Canada FI now owns 3,519 shares of the company’s stock worth $45,000 after buying an additional 800 shares during the last quarter. Edge Financial Advisors LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust in the third quarter valued at $142,000. Orion Portfolio Solutions LLC bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 3rd quarter valued at about $154,000. Sanctuary Advisors LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 2nd quarter worth approximately $160,000. Finally, Private Advisor Group LLC bought a new position in Eaton Vance Senior Floating-Rate Trust during the third quarter worth $171,000.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of NYSE:EFR opened at $12.87 on Friday. The business’s 50 day simple moving average is $12.73 and its 200 day simple moving average is $12.93. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $12.07 and a 1 year high of $13.40.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend is Thursday, November 21st.

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.