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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 23,091 shares, a decline of 40.4% from the December 31st total of 38,728 shares. Based on an average trading volume of 123,243 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 123,243 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of EVT. Oakworth Capital Inc. bought a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $25,000. Calamos Advisors LLC grew its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 20,757 shares of the closed-end fund’s stock worth $523,000 after acquiring an additional 5,049 shares in the last quarter. First Horizon Corp purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the fourth quarter worth approximately $25,000. Shaker Financial Services LLC raised its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 110.1% during the fourth quarter. Shaker Financial Services LLC now owns 171,313 shares of the closed-end fund’s stock valued at $4,314,000 after acquiring an additional 89,764 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 4,942.3% in the fourth quarter. Sound Income Strategies LLC now owns 15,026 shares of the closed-end fund’s stock valued at $381,000 after purchasing an additional 14,728 shares during the period.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

NYSE:EVT remained flat at $25.87 during mid-day trading on Friday. 69,322 shares of the company traded hands, compared to its average volume of 113,502. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $19.20 and a one year high of $25.99. The stock has a 50 day moving average price of $24.96 and a 200 day moving average price of $24.48.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a dividend of $0.1646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, January 15th.

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.