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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 31,537 shares, a decline of 48.2% from the May 14th total of 60,899 shares. Based on an average daily volume of 88,799 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

A number of institutional investors have recently made changes to their positions in EVT. Focus Partners Wealth lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 53.9% in the 1st quarter. Focus Partners Wealth now owns 24,911 shares of the closed-end fund’s stock worth $580,000 after acquiring an additional 8,721 shares during the period. First Trust Advisors LP lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.6% in the 2nd quarter. First Trust Advisors LP now owns 124,258 shares of the closed-end fund’s stock worth $2,995,000 after acquiring an additional 3,130 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 14.3% in the 2nd quarter. Baird Financial Group Inc. now owns 21,535 shares of the closed-end fund’s stock worth $519,000 after acquiring an additional 2,700 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 17.2% in the 2nd quarter. Raymond James Financial Inc. now owns 829,247 shares of the closed-end fund’s stock worth $19,985,000 after acquiring an additional 121,415 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 11.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 311,391 shares of the closed-end fund’s stock worth $7,506,000 after acquiring an additional 33,193 shares during the period.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of NYSE EVT opened at $26.78 on Tuesday. Eaton Vance Tax-Advantaged Dividend Income Fund has a fifty-two week low of $23.00 and a fifty-two week high of $27.46. The firm’s 50-day simple moving average is $26.17 and its 200 day simple moving average is $25.58.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.1646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

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.