Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Decreases By 28.7%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 23,800 shares, a decline of 28.7% from the February 13th total of 33,400 shares. Based on an average daily volume of 131,900 shares, the short-interest ratio is presently 0.2 days.

Insider Activity at Eaton Vance Tax-Advantaged Dividend Income Fund

In other Eaton Vance Tax-Advantaged Dividend Income Fund news, insider Keith Quinton acquired 8,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $24.24 per share, with a total value of $193,920.00. Following the completion of the acquisition, the insider now owns 8,000 shares in the company, valued at approximately $193,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the 4th quarter worth about $16,252,000. Wells Fargo & Company MN boosted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 2.2% during the fourth quarter. Wells Fargo & Company MN now owns 644,068 shares of the closed-end fund’s stock worth $15,490,000 after acquiring an additional 14,161 shares during the last quarter. 1607 Capital Partners LLC grew its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 11.4% during the 4th quarter. 1607 Capital Partners LLC now owns 587,126 shares of the closed-end fund’s stock valued at $14,120,000 after acquiring an additional 59,916 shares in the last quarter. LPL Financial LLC raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 27.3% in the 4th quarter. LPL Financial LLC now owns 394,509 shares of the closed-end fund’s stock valued at $9,488,000 after acquiring an additional 84,585 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 359,498 shares of the closed-end fund’s stock worth $8,646,000 after purchasing an additional 26,371 shares in the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Down 0.2 %

Shares of NYSE:EVT traded down $0.04 during midday trading on Tuesday, reaching $23.26. 96,959 shares of the company’s stock traded hands, compared to its average volume of 115,833. The company has a fifty day simple moving average of $24.05 and a two-hundred day simple moving average of $24.38. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $22.29 and a 1 year high of $25.83.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1646 per share. This represents a $1.98 annualized dividend and a yield of 8.49%. The ex-dividend date is Friday, March 14th.

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.