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Eaton Vance Floating-Rate Income Trust saw short interest surge, stock price fell, but announced a high dividend.
Eaton Vance Floating-Rate Income Trust (EFT) saw short interest surge 77.7% to 385,000 shares in January, with a days-to-cover ratio of 4.6 days.
Several hedge funds adjusted their holdings, including MeadowBrook Investment Advisors LLC and NBC Securities Inc.
The stock price fell $0.12 to $13.21, and the company announced a monthly dividend of $0.094 per share, payable on February 28th, at an annualized yield of 8.54%.
2 months ago
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