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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant increase in short interest in 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 volume of 119,500 shares, the short-interest ratio is presently 0.3 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 1.3 %

NYSE:EVT traded up $0.30 on Friday, hitting $22.94. 74,721 shares of the company’s stock were exchanged, compared to its average volume of 118,096. The firm has a 50-day moving average price of $22.88 and a 200-day moving average price of $21.79. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52 week low of $18.70 and a 52 week high of $23.82.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.165 per share. The ex-dividend date is Monday, April 22nd. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15. This represents a $1.98 annualized dividend and a yield of 8.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EVT. CWM LLC increased its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 57.3% during the 3rd quarter. CWM LLC now owns 1,713 shares of the closed-end fund’s stock worth $36,000 after purchasing an additional 624 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,716 shares of the closed-end fund’s stock worth $973,000 after purchasing an additional 973 shares during the period. IFP Advisors Inc increased its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 37.0% during 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. Corient Private Wealth LLC raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 3.1% in the fourth quarter. Corient Private Wealth LLC now owns 35,176 shares of the closed-end fund’s stock valued at $783,000 after buying an additional 1,050 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 5.6% in the fourth quarter. Truist Financial Corp now owns 22,110 shares of the closed-end fund’s stock valued at $492,000 after buying an additional 1,179 shares during the last quarter.

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.