EFT Stock Summary and Trading Ideas (Ev Floating Rate Income | NYSE:EFT)

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 Floating Rate Income trades on the NYSE stock market under the symbol EFT.

As of April 17, 2024, EFT stock price climbed to $13.45 with 95,146 million shares trading.

EFT has a beta of 0.44, meaning it tends to be less sensitive to market movements. EFT has a correlation of 0.27 to the broad based SPY ETF.

EFT has a market cap of $352.14 million. This is considered a Small Cap stock.

In the last 3 years, EFT stock traded as high as $15.73 and as low as $10.89.

EFT has outperformed the market in the last year with a price return of +28.5% while the SPY ETF gained +22.5%. EFT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.4% and +1.5%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

EFT support price is $13.18 and resistance is $13.38 (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 EFT stock will trade within this expected range on the day.