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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 38,728 shares, an increase of 85.4% from the December 15th total of 20,885 shares. Based on an average daily trading volume, of 113,635 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 113,635 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of EVT. Kingstone Capital Partners Texas LLC increased its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 337,985.8% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 1,131,099,919 shares of the closed-end fund’s stock valued at $26,284,501,000 after acquiring an additional 1,130,765,359 shares during the period. Bank of America Corp DE increased its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 0.8% during the third quarter. Bank of America Corp DE now owns 935,243 shares of the closed-end fund’s stock valued at $22,867,000 after purchasing an additional 7,794 shares during the period. Raymond James Financial Inc. raised its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 6.9% during the third quarter. Raymond James Financial Inc. now owns 886,731 shares of the closed-end fund’s stock valued at $21,681,000 after purchasing an additional 57,484 shares in the last quarter. McGowan Group Asset Management Inc. lifted its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 0.5% in the second quarter. McGowan Group Asset Management Inc. now owns 833,437 shares of the closed-end fund’s stock worth $20,086,000 after purchasing an additional 4,249 shares during the period. Finally, 1607 Capital Partners LLC grew its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 6.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 797,020 shares of the closed-end fund’s stock valued at $19,487,000 after buying an additional 46,678 shares in the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

NYSE EVT traded down $0.27 during trading hours on Friday, reaching $25.35. The company’s stock had a trading volume of 110,216 shares, compared to its average volume of 122,001. The business has a 50-day simple moving average of $24.67 and a 200 day simple moving average of $24.40. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52 week low of $19.20 and a 52 week high of $25.92.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.1646 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

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.