EFR Stock Summary and Trading Ideas (Ev Senior Floating-Rate | NYSE:EFR)

The Fund’s primary investment objective is to provide a high level of current income, as a secondary objective the fund may seek capital preservation. Provides broad exposure to the floating-rate loan market, providing diversified exposure to the asset class. Provides exposure to the loan markets’ many sectors, credit tiers and issuers. Potential for low correlation to traditional equity and fixed income markets, providing important diversification benefits for investor portfolios. Low duration may help reduce interest-rate risk and lower portfolio volatility.

Ev Senior Floating-Rate trades on the NYSE stock market under the symbol EFR.

As of April 19, 2024, EFR stock price climbed to $13.10 with 46,802 million shares trading.

EFR has a beta of 0.34, meaning it tends to be less sensitive to market movements. EFR has a correlation of 0.15 to the broad based SPY ETF.

EFR has a market cap of $382.19 million. This is considered a Small Cap stock.

In the last 3 years, EFR stock traded as high as $15.60 and as low as $10.76.

EFR has outperformed the market in the last year with a price return of +25.5% while the SPY ETF gained +21.6%. However, in the short term, EFR had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.3% vs +4.6% return in SPY. But in the last 2 weeks, EFR shares have fared better than the market returning +1.6% compared to SPY -3.2%.

EFR support price is $12.99 and resistance is $13.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EFR stock will trade within this expected range on the day.