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In a challenging economic climate, Eaton (NYSE:ETN) Vance Senior Floating-Rate Trust (EFR) stock has recorded a 52-week low, dipping to $12.23. According to InvestingPro data, the fund’s RSI indicates oversold territory, while maintaining an impressive 8.88% dividend yield with a 23-year track record of consistent payments. This latest price movement reflects a broader trend of volatility within the fixed-income sector, as investors recalibrate their portfolios in response to fluctuating interest rates and market uncertainties. With a beta of 0.57, EFR has demonstrated relatively low price volatility compared to the broader market. Over the past year, the fund has actually gained 4.62%, showing resilience with its $357.71M market capitalization. The fund’s performance is closely watched by investors seeking insights into the health of the credit markets and the appetite for risk in a complex investment environment. For deeper insights and additional financial metrics, unlock 6 more exclusive ProTips with InvestingPro.
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