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 July. As of July 31st, there was short interest totalling 41,700 shares, a growth of 448.7% from the July 15th total of 7,600 shares. Based on an average daily volume of 112,800 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of EVT stock traded up $0.12 during mid-day trading on Wednesday, hitting $23.70. 82,997 shares of the stock traded hands, compared to its average volume of 115,712. The stock’s fifty day moving average is $23.49 and its two-hundred day moving average is $23.14. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52-week low of $18.70 and a 52-week high of $24.45.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 22nd will be given a dividend of $0.1646 per share. This represents a $1.98 annualized dividend and a yield of 8.33%. The ex-dividend date is Thursday, August 22nd.

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

Several hedge funds have recently modified their holdings of the stock. Cornerstone Advisors LLC lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 112.6% during the 4th quarter. Cornerstone Advisors LLC now owns 947,350 shares of the closed-end fund’s stock worth $21,079,000 after acquiring an additional 501,740 shares during the period. Karpus Management Inc. lifted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 119.5% during the fourth quarter. Karpus Management Inc. now owns 578,381 shares of the closed-end fund’s stock worth $12,869,000 after purchasing an additional 314,894 shares during the period. Flow State Investments L.P. purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter valued at approximately $2,068,000. Wolverine Asset Management LLC boosted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 227.3% in the fourth quarter. Wolverine Asset Management LLC now owns 132,521 shares of the closed-end fund’s stock valued at $2,949,000 after buying an additional 92,035 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter worth approximately $1,963,000.

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.