Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Up 230.6% in October

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 23,800 shares, a growth of 230.6% from the September 30th total of 7,200 shares. Based on an average daily trading volume, of 110,800 shares, the days-to-cover ratio is presently 0.2 days.

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

NYSE EVT traded down $0.15 during trading hours on Friday, reaching $24.19. 69,785 shares of the company’s stock were exchanged, compared to its average volume of 113,498. The firm has a fifty day moving average of $24.32 and a 200-day moving average of $23.71. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $18.70 and a one year high of $24.90.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be issued a $0.165 dividend. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.16. The ex-dividend date is Wednesday, October 23rd. This represents a $1.98 annualized dividend and a yield of 8.19%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EVT. Financial Advocates Investment Management bought a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the third quarter worth approximately $209,000. GHP Investment Advisors Inc. acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 3rd quarter worth $73,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 12.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 183,203 shares of the closed-end fund’s stock valued at $4,523,000 after acquiring an additional 20,976 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $509,000. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 3.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 364,005 shares of the closed-end fund’s stock valued at $8,987,000 after purchasing an additional 10,461 shares during the period.

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.