Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Expands By 434.4%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 32,600 shares, an increase of 434.4% from the March 31st total of 6,100 shares. Based on an average daily trading volume, of 119,500 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LifePro Asset Management acquired a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter worth approximately $271,000. Raymond James Financial Services Advisors Inc. boosted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 5.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 286,615 shares of the closed-end fund’s stock valued at $6,764,000 after purchasing an additional 15,746 shares during the period. Kessler Investment Group LLC acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $51,000. Accel Wealth Management boosted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 1.6% during the 1st quarter. Accel Wealth Management now owns 121,137 shares of the closed-end fund’s stock valued at $2,859,000 after purchasing an additional 1,886 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the 1st quarter valued at approximately $41,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of NYSE:EVT traded up $0.24 during mid-day trading on Friday, hitting $22.88. 92,061 shares of the company traded hands, compared to its average volume of 118,317. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52-week low of $18.70 and a 52-week high of $23.82. The firm’s 50 day simple moving average is $22.89 and its 200 day simple moving average is $21.81.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.165 per share. This is an increase from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15. This represents a $1.98 annualized dividend and a dividend yield of 8.65%. The ex-dividend date is Monday, April 22nd.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

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.