Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Down 90.6% in March

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,300 shares, a drop of 90.6% from the February 29th total of 24,400 shares. Based on an average trading volume of 122,400 shares, the days-to-cover ratio is presently 0.0 days.

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

Several institutional investors have recently bought and sold shares of EVT. CWM LLC boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 57.3% in the third quarter. CWM LLC now owns 1,713 shares of the closed-end fund’s stock valued at $36,000 after acquiring an additional 624 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the third quarter worth $64,000. Comerica Bank purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the third quarter worth $64,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 59.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,161 shares of the closed-end fund’s stock worth $72,000 after buying an additional 1,181 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 37.0% in the third quarter. IFP Advisors Inc now owns 3,700 shares of the closed-end fund’s stock worth $78,000 after buying an additional 1,000 shares during the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE EVT traded up $0.20 during midday trading on Friday, reaching $23.60. 143,571 shares of the company’s stock traded hands, compared to its average volume of 119,704. The stock’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $21.59. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $18.70 and a one year high of $23.82.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.1488 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.57%.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across the diversified sectors. The fund primarily invests in dividend paying value stocks of companies that qualify for favorable federal income tax treatment.