Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Sees Significant Increase in Short Interest

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 30,002 shares, an increase of 187.2% from the January 29th total of 10,448 shares. Based on an average daily trading volume, of 114,015 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 114,015 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

A number of large investors have recently bought and sold shares of the company. Focus Partners Wealth raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 53.9% in the 1st quarter. Focus Partners Wealth now owns 24,911 shares of the closed-end fund’s stock valued at $580,000 after buying an additional 8,721 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the second quarter valued at approximately $279,000. Spire Wealth Management raised its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 4.8% during the second quarter. Spire Wealth Management now owns 113,200 shares of the closed-end fund’s stock valued at $2,728,000 after purchasing an additional 5,173 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 8.4% during the second quarter. Wolverine Asset Management LLC now owns 69,057 shares of the closed-end fund’s stock worth $1,664,000 after purchasing an additional 5,332 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the second quarter worth $413,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 0.2%

Shares of EVT traded down $0.07 during midday trading on Friday, reaching $26.31. 170,993 shares of the stock were exchanged, compared to its average volume of 114,218. The stock’s 50 day simple moving average is $25.75 and its 200 day simple moving average is $24.81. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $19.20 and a twelve month high of $26.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.1646 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-advantaged income and the potential for capital appreciation. The fund pursues its investment objective by primarily acquiring dividend-paying equity securities of U.S. and foreign companies, with a focus on businesses that have demonstrated a track record of consistent cash distributions. EVT may also invest in American depositary receipts and other securities that offer favorable tax treatment for U.S.