Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Short Interest Up 2,916.2% in June

by · The Cerbat Gem

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 116,333 shares, an increase of 2,916.2% from the May 31st total of 3,857 shares. Based on an average daily trading volume, of 134,841 shares, the short-interest ratio is currently 0.9 days.

Eaton Vance Senior Floating-Rate Trust Stock Performance

NYSE EFR traded up $0.04 during trading on Thursday, hitting $10.54. 139,716 shares of the stock traded hands, compared to its average volume of 139,503. The firm has a 50-day simple moving average of $10.51 and a 200-day simple moving average of $10.75. Eaton Vance Senior Floating-Rate Trust has a 12-month low of $10.11 and a 12-month high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.066 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, June 15th.

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

Several large investors have recently bought and sold shares of EFR. 1607 Capital Partners LLC lifted its position in Eaton Vance Senior Floating-Rate Trust by 331.3% during the fourth quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock valued at $15,954,000 after purchasing an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter valued at about $9,520,000. Invesco Ltd. grew its position in Eaton Vance Senior Floating-Rate Trust by 1.9% in the fourth quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock worth $6,388,000 after acquiring an additional 10,707 shares in the last quarter. Bank of America Corp DE increased its stake in Eaton Vance Senior Floating-Rate Trust by 8.6% during the first quarter. Bank of America Corp DE now owns 481,794 shares of the company’s stock worth $5,078,000 after acquiring an additional 38,244 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Eaton Vance Senior Floating-Rate Trust by 19.7% during the third quarter. Ameriprise Financial Inc. now owns 469,630 shares of the company’s stock worth $5,369,000 after acquiring an additional 77,247 shares during the last quarter.

Eaton Vance Senior Floating-Rate Trust Company Profile

(Get Free Report)

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.

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