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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 63,653 shares, a decline of 37.6% from the September 30th total of 102,087 shares. Based on an average daily volume of 91,222 shares, the short-interest ratio is currently 0.7 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of Eaton Vance Tax-Advantaged Dividend Income Fund stock traded down $0.04 on Monday, hitting $27.48. The company had a trading volume of 53,982 shares, compared to its average volume of 99,430. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $23.00 and a 1 year high of $29.65. The stock has a 50 day moving average of $28.13 and a 200-day moving average of $26.87.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were issued a dividend of $0.1646 per share. The ex-dividend date was Thursday, October 15th. This represents a $1.98 annualized dividend and a yield of 7.2%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 10.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 132,276 shares of the closed-end fund’s stock worth $3,692,000 after acquiring an additional 12,077 shares in the last quarter. SMH Capital Advisors Inc. purchased a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter worth about $268,000. Latitude Advisors LLC bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter worth about $45,000. Oppenheimer & Co. Inc. increased its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 12.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,381 shares of the closed-end fund’s stock valued at $401,000 after buying an additional 1,627 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 55.1% in the 3rd quarter. Samalin Investment Counsel LLC now owns 100,498 shares of the closed-end fund’s stock valued at $2,805,000 after buying an additional 35,707 shares during 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 investment fund that seeks to provide current income and long-term capital appreciation. The fund invests primarily in dividend-paying common stocks and other equity securities, with an emphasis on companies that may offer attractive income and the potential for tax-advantaged distributions.

EVT generally invests across a range of industries and may hold securities issued by companies in the United States and other countries.