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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 36,884 shares, an increase of 39.6% from the February 26th total of 26,421 shares. Based on an average daily volume of 104,499 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

Several large investors have recently added to or reduced their stakes in EVT. Focus Partners Wealth grew its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 53.9% during the 1st quarter. Focus Partners Wealth now owns 24,911 shares of the closed-end fund’s stock worth $580,000 after purchasing an additional 8,721 shares in the last quarter. Creative Planning lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 13.8% in the second quarter. Creative Planning now owns 24,736 shares of the closed-end fund’s stock worth $596,000 after purchasing an additional 2,992 shares during the period. J.W. Cole Advisors Inc. bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the second quarter worth $248,000. McGowan Group Asset Management Inc. boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 0.5% during the second quarter. McGowan Group Asset Management Inc. now owns 833,437 shares of the closed-end fund’s stock worth $20,086,000 after buying an additional 4,249 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 2.6% during the second quarter. First Trust Advisors LP now owns 124,258 shares of the closed-end fund’s stock worth $2,995,000 after buying an additional 3,130 shares in the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of NYSE:EVT traded up $0.18 on Monday, hitting $23.96. 103,953 shares of the company were exchanged, compared to its average volume of 110,746. The company’s 50 day moving average price is $25.60 and its two-hundred day moving average price is $24.91. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $19.20 and a one year high of $26.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.1646 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Monday, March 16th.

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.