Traders are feeling more bullish on Eaton Vance Floating Rate Income Trust lately if you take into consideration the fall in short interest. The stock had a fall in short interest of -15.44% as of the latest report on October 31, 2017. Short interest decreased from 14,804 to 12,518 over that period. The days to cover decreased to 0.0 and the percentage of shorted shares was 0.00% on October 31.
A few notable investment firms have updated their holdings. As of quarter end Citigroup Inc had bought a total of 1,552 shares growing its holdings by 3.4%. The value in dollars decreased from $696,000 to $694,000 decreasing 0.3% quarter over quarter. Fort Washington Investment Advisors Inc /oh/ trimmed its investment by selling 32,747 shares a decrease of 12.1% from 06/30/2017 to 09/30/2017. Fort Washington Investment Advisors Inc /oh/ currently owns 237,888 shares valued at $3,478,000. The value of the position overall is down by 15.1%.
Intersect Capital LLC expanded its holdings by buying 21,600 shares an increase of 6.0% as of 09/30/2017. Intersect Capital LLC owns 380,503 shares worth $5,563,000. The total value of its holdings increased 2.4%. Tredje Ap-fonden augmented its stake by buying 5,361 shares an increase of 9.3% in the quarter. Tredje Ap-fonden now holds 62,925 shares with a value of $4,832,000. The total value of its holdings increased 7.9%.
The company is now down since yesterday’s close of 14.06. Eaton Vance Floating Rate Income Trust currently has a P/E ratio of N/A and the market value is 580.88M.
Eaton Vance Floating-Rate Income Trust (the Fund) is a closed-end management investment company. The Trust’s investment objective is to provide a high level of current income. Its secondary objective is preservation of capital. Eaton Vance Floating-Rate Income Trust invests primarily in senior, secured floating-rate loans. Its portfolio includes corporate bonds and notes, convertible bonds, common stocks, convertible preferred stocks and short-term investments..