Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Rises By 64.8%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 63,670 shares, an increase of 64.8% from the July 15th total of 38,639 shares. Based on an average daily trading volume, of 89,698 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Several large investors have recently added to or reduced their stakes in EVT. First Horizon Corp bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the second quarter valued at approximately $33,000. Ascentis Independent Advisors bought a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at approximately $50,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter worth $51,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of NYSE:EVT traded up $0.02 during midday trading on Monday, hitting $29.43. 75,198 shares of the stock traded hands, compared to its average volume of 104,253. The business’s 50 day moving average is $27.57 and its two-hundred day moving average is $26.42. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $23.00 and a one year high of $29.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.1646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. 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.