Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Update

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 154,010 shares, an increase of 141.9% from the July 30th total of 63,670 shares. Based on an average daily volume of 104,183 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 2nd quarter worth about $33,000. Ascentis Independent Advisors purchased a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the first quarter worth about $50,000. Garton & Associates Financial Advisors LLC bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the fourth quarter worth approximately $51,000. Advisory Services Network LLC purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter valued at approximately $51,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at $60,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Shares of EVT stock traded down $0.02 during mid-day trading on Friday, hitting $28.92. The company had a trading volume of 82,154 shares, compared to its average volume of 102,508. The stock’s 50 day moving average price is $28.08 and its 200-day moving average price is $26.64. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52-week low of $23.00 and a 52-week high of $29.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.1646 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

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.