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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 23,800 shares, a growth of 230.6% from the September 30th total of 7,200 shares. Based on an average daily trading volume, of 110,800 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE EVT traded down $0.15 during midday trading on Friday, reaching $24.19. The company’s stock had a trading volume of 69,785 shares, compared to its average volume of 113,498. Eaton Vance Tax-Advantaged Dividend Income Fund has a fifty-two week low of $18.70 and a fifty-two week high of $24.90. The stock has a 50 day simple moving average of $24.32 and a 200-day simple moving average of $23.71.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be paid a $0.165 dividend. The ex-dividend date is Wednesday, October 23rd. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.16. This represents a $1.98 annualized dividend and a dividend yield of 8.19%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Advocates Investment Management acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter worth $209,000. GHP Investment Advisors Inc. acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter worth $73,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 12.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 183,203 shares of the closed-end fund’s stock worth $4,523,000 after buying an additional 20,976 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter worth $509,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 3.0% during the third quarter. Stratos Wealth Partners LTD. now owns 364,005 shares of the closed-end fund’s stock worth $8,987,000 after buying an additional 10,461 shares in the last quarter.

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.