Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Grows By 165.2%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 6,100 shares, an increase of 165.2% from the March 15th total of 2,300 shares. Based on an average daily trading volume, of 120,400 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 1st quarter worth $238,000. Sowell Financial Services LLC lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 6.3% during the 1st quarter. Sowell Financial Services LLC now owns 38,758 shares of the closed-end fund’s stock worth $969,000 after purchasing an additional 2,312 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 1st quarter worth $1,059,000. Guggenheim Capital LLC lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 12.3% during the 1st quarter. Guggenheim Capital LLC now owns 162,563 shares of the closed-end fund’s stock worth $4,711,000 after purchasing an additional 17,745 shares during the period. Finally, First Republic Investment Management Inc. lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 159.8% during the 1st quarter. First Republic Investment Management Inc. now owns 30,071 shares of the closed-end fund’s stock worth $871,000 after purchasing an additional 18,498 shares during the period.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 1.4 %

EVT stock opened at $23.34 on Thursday. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $18.70 and a 1 year high of $23.82. The stock’s 50 day moving average price is $22.79 and its 200 day moving average price is $21.68.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.98 dividend on an annualized basis and a yield of 8.48%. This is a positive change from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.