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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 63,653 shares, a decrease 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EVT. Sanctuary Advisors LLC increased its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 0.5% during the first quarter. Sanctuary Advisors LLC now owns 85,429 shares of the closed-end fund’s stock worth $2,097,000 after buying an additional 435 shares in the last quarter. MRA Advisory Group increased its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 0.7% in the 3rd quarter. MRA Advisory Group now owns 89,773 shares of the closed-end fund’s stock valued at $2,506,000 after acquiring an additional 636 shares in the last quarter. Baird Financial Group Inc. raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 3.9% during the 2nd quarter. Baird Financial Group Inc. now owns 26,790 shares of the closed-end fund’s stock worth $742,000 after buying an additional 1,004 shares during the period. Global Retirement Partners LLC bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at $33,000. Finally, Latitude Advisors LLC bought a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the third quarter valued at $45,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

NYSE EVT traded down $0.04 during midday trading on Monday, hitting $27.48. The company had a trading volume of 53,982 shares, compared to its average volume of 99,430. The firm has a 50-day moving average price of $28.13 and a 200-day moving average price of $26.87. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $23.00 and a twelve month high of $29.65.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a $0.1646 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Thursday, October 15th.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.