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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 63,670 shares, a growth of 64.8% from the July 15th total of 38,639 shares. Based on an average daily trading volume, of 89,698 shares, the days-to-cover ratio is presently 0.7 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Eaton Vance Tax-Advantaged Dividend Income Fund stock opened at $29.29 on Wednesday. The company has a 50-day simple moving average of $27.68 and a 200-day simple moving average of $26.48. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $23.00 and a one year high of $29.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.1646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, August 14th.

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 business. Sanctuary Advisors LLC boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 0.5% in the first quarter. Sanctuary Advisors LLC now owns 85,429 shares of the closed-end fund’s stock worth $2,097,000 after buying an additional 435 shares during the period. Founders Financial Alliance LLC boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 1.6% in the 4th quarter. Founders Financial Alliance LLC now owns 36,242 shares of the closed-end fund’s stock worth $913,000 after purchasing an additional 575 shares during the period. Envestnet Asset Management Inc. boosted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 5.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,146 shares of the closed-end fund’s stock worth $297,000 after purchasing an additional 579 shares during the period. 1776 Wealth LLC grew its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 0.8% during the 4th quarter. 1776 Wealth LLC now owns 76,286 shares of the closed-end fund’s stock worth $1,921,000 after purchasing an additional 636 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 7.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,349 shares of the closed-end fund’s stock worth $286,000 after purchasing an additional 794 shares in the last quarter.

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.