Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Shares Shorted: Short Interest Down 37.6% in October

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 63,653 shares, a drop of 37.6% from the September 30th total of 102,087 shares. Based on an average daily trading volume, of 91,222 shares, the days-to-cover ratio is presently 0.7 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 0.6%

NYSE:EVT opened at $27.19 on Wednesday. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $23.00 and a 1 year high of $29.65. The business has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $26.88.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a $0.1899 dividend. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.1646. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.28 annualized dividend and a yield of 8.4%.

Institutional Investors Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 3.9% in the third quarter. Kingstone Capital Partners Texas LLC now owns 384,058 shares of the closed-end fund’s stock valued at $10,719,000 after purchasing an additional 14,567 shares during the period. Private Advisor Group LLC lifted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 3.7% in the first quarter. Private Advisor Group LLC now owns 213,798 shares of the closed-end fund’s stock valued at $5,249,000 after acquiring an additional 7,604 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 5.0% during the 1st quarter. First Trust Advisors LP now owns 153,157 shares of the closed-end fund’s stock worth $3,760,000 after purchasing an additional 7,280 shares during the last quarter. Legacy Financial Independent Advisors LLC grew its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 3.0% in the 3rd quarter. Legacy Financial Independent Advisors LLC now owns 132,653 shares of the closed-end fund’s stock worth $3,702,000 after acquiring an additional 3,818 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 10.0% in the third quarter. Commonwealth Equity Services LLC now owns 132,276 shares of the closed-end fund’s stock valued at $3,692,000 after purchasing an additional 12,077 shares during 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 investment fund that seeks to provide current income and long-term capital appreciation. The fund invests primarily in dividend-paying common stocks and other equity securities, with an emphasis on companies that may offer attractive income and the potential for tax-advantaged distributions.

EVT generally invests across a range of industries and may hold securities issued by companies in the United States and other countries.