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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
Business Wire (Fri, 1-Mar 4:30 PM ET)
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 March 28, 2024, EFT stock price declined to $13.35 with 106,530 million shares trading.
EFT has a beta of 0.45, meaning it tends to be less sensitive to market movements. EFT has a correlation of 0.29 to the broad based SPY ETF.
EFT has a market cap of $349.52 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 underperformed the market in the last year with a return of +31.8%, while the SPY ETF gained +33.9%. In the last 3 month period, EFT fell short of the market, returning +8.1%, while SPY returned +10.3%. However, in the most recent 2 weeks EFT has outperformed the stock market by returning +2.0%, while SPY returned +1.9%.
EFT support price is $13.27 and resistance is $13.45 (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.