Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Declines By 90.6%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 2,300 shares, a drop of 90.6% from the February 29th total of 24,400 shares. Based on an average daily trading volume, of 122,400 shares, the days-to-cover ratio is presently 0.0 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Up 0.9 %

Eaton Vance Tax-Advantaged Dividend Income Fund stock traded up $0.20 during mid-day trading on Thursday, reaching $23.60. The company’s stock had a trading volume of 143,571 shares, compared to its average volume of 119,704. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12-month low of $18.70 and a 12-month high of $23.82. The firm’s fifty day moving average price is $22.51 and its two-hundred day moving average price is $21.57.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st will be issued a $0.1488 dividend. This represents a $1.79 annualized dividend and a yield of 7.57%. The ex-dividend date is Wednesday, March 20th.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

A number of hedge funds have recently made changes to their positions in EVT. Bank of New York Mellon Corp purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at about $238,000. Sowell Financial Services LLC raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 6.3% in the first quarter. Sowell Financial Services LLC now owns 38,758 shares of the closed-end fund’s stock worth $969,000 after buying an additional 2,312 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the first quarter worth about $1,059,000. Guggenheim Capital LLC increased its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 12.3% during the first quarter. Guggenheim Capital LLC now owns 162,563 shares of the closed-end fund’s stock valued at $4,711,000 after purchasing an additional 17,745 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 159.8% during the first quarter. First Republic Investment Management Inc. now owns 30,071 shares of the closed-end fund’s stock valued at $871,000 after purchasing an additional 18,498 shares in the last quarter.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.