Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Up 187.2% in February

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 30,002 shares, an increase of 187.2% from the January 29th total of 10,448 shares. Based on an average trading volume of 114,015 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 114,015 shares, the short-interest ratio is presently 0.3 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Focus Partners Wealth increased its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 53.9% during the first quarter. Focus Partners Wealth now owns 24,911 shares of the closed-end fund’s stock worth $580,000 after buying an additional 8,721 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter worth approximately $279,000. Spire Wealth Management increased its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 4.8% in the second quarter. Spire Wealth Management now owns 113,200 shares of the closed-end fund’s stock worth $2,728,000 after acquiring an additional 5,173 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 8.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 69,057 shares of the closed-end fund’s stock valued at $1,664,000 after purchasing an additional 5,332 shares in the last quarter. Finally, Kovack Advisors Inc. purchased a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $413,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 0.5%

Shares of Eaton Vance Tax-Advantaged Dividend Income Fund stock traded down $0.13 during trading on Thursday, reaching $26.22. The company’s stock had a trading volume of 50,455 shares, compared to its average volume of 111,267. The business has a 50 day moving average price of $25.68 and a 200-day moving average price of $24.78. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12-month low of $19.20 and a 12-month high of $26.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.1646 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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.