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 significant growth in short interest in March. As of March 13th, there was short interest totaling 36,884 shares, a growth of 39.6% from the February 26th total of 26,421 shares. Based on an average trading volume of 104,499 shares, the days-to-cover ratio is currently 0.4 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Up 0.7%

EVT opened at $23.96 on Tuesday. The stock has a 50-day moving average price of $25.57 and a 200-day moving average price of $24.91. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $19.20 and a 1 year high of $26.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.1646 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Monday, March 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EVT. Bank of America Corp DE grew 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 buying an additional 7,794 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 886,731 shares of the closed-end fund’s stock worth $21,681,000 after acquiring an additional 57,484 shares during the last quarter. McGowan Group Asset Management Inc. raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 0.5% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 833,437 shares of the closed-end fund’s stock worth $20,086,000 after acquiring an additional 4,249 shares during the last quarter. 1607 Capital Partners LLC lifted 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 acquiring an additional 46,678 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 18.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 745,247 shares of the closed-end fund’s stock valued at $18,765,000 after acquiring an additional 115,474 shares in the last quarter.

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.