Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Update

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 7,200 shares, a drop of 64.9% from the September 15th total of 20,500 shares. Based on an average trading volume of 118,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 588.1% in the third quarter. CWM LLC now owns 5,546 shares of the closed-end fund’s stock valued at $137,000 after buying an additional 4,740 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the third quarter valued at $44,000. Sanctuary Advisors LLC purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the second quarter valued at $682,000. Founders Financial Alliance LLC increased its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.2% in the second quarter. Founders Financial Alliance LLC now owns 28,762 shares of the closed-end fund’s stock valued at $670,000 after buying an additional 618 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 11.4% in the second quarter. Cetera Investment Advisers now owns 92,661 shares of the closed-end fund’s stock valued at $2,158,000 after buying an additional 9,480 shares in the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Eaton Vance Tax-Advantaged Dividend Income Fund stock traded up $0.17 during midday trading on Friday, reaching $24.70. The company’s stock had a trading volume of 83,428 shares, compared to its average volume of 114,330. Eaton Vance Tax-Advantaged Dividend Income Fund has a fifty-two week low of $18.70 and a fifty-two week high of $24.80. The stock’s 50 day simple moving average is $24.10 and its 200 day simple moving average is $23.63.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be issued a $0.165 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $1.98 dividend on an annualized basis and a yield of 8.02%. This is an increase from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.16.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

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.