Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Increases By 141.9%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 154,010 shares, a growth of 141.9% from the July 30th total of 63,670 shares. Based on an average daily trading volume, of 104,183 shares, the short-interest ratio is presently 1.5 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of EVT stock traded down $0.06 during trading hours on Friday, reaching $28.88. The company had a trading volume of 55,683 shares, compared to its average volume of 102,340. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1-year low of $23.00 and a 1-year high of $29.65. The company has a 50 day moving average of $28.03 and a 200 day moving average of $26.62.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.1646 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

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

Several hedge funds have recently bought and sold shares of EVT. HighTower Advisors LLC increased its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 24.3% in the 2nd quarter. HighTower Advisors LLC now owns 71,694 shares of the closed-end fund’s stock valued at $1,985,000 after buying an additional 14,033 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the second quarter worth about $208,000. Corient Private Wealth LP bought a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at about $314,000. Bank of America Corp DE acquired a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at approximately $3,053,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter worth approximately $60,000.

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.