Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Up 141.9% in August

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 154,010 shares, an increase of 141.9% from the July 30th total of 63,670 shares. Based on an average daily volume of 104,183 shares, the days-to-cover ratio is currently 1.5 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the second quarter worth about $33,000. Ascentis Independent Advisors purchased a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter valued at about $50,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $51,000. Advisory Services Network LLC purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the third quarter valued at approximately $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the second quarter valued at approximately $60,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 0.1%

Shares of NYSE:EVT traded down $0.02 during trading on Friday, hitting $28.92. 82,154 shares of the company were exchanged, compared to its average volume of 102,508. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12-month low of $23.00 and a 12-month high of $29.65. The firm’s 50 day moving average price is $28.08 and its 200-day moving average price is $26.64.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.1646 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, August 14th.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.