Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Update

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 31,537 shares, a drop 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.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

NYSE EVT traded up $0.06 during mid-day trading on Monday, reaching $26.78. 100,708 shares of the company’s stock traded hands, compared to its average volume of 105,877. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1-year low of $23.00 and a 1-year high of $27.46. The company has a fifty day simple moving average of $26.17 and a 200-day simple moving average of $25.58.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

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

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

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 41.6% during the 1st quarter. NewEdge Advisors LLC now owns 22,732 shares of the closed-end fund’s stock valued at $558,000 after purchasing an additional 6,683 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at approximately $199,000. First Trust Advisors LP lifted its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 5.0% during the 1st quarter. First Trust Advisors LP now owns 153,157 shares of the closed-end fund’s stock worth $3,760,000 after buying an additional 7,280 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 185.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 56,278 shares of the closed-end fund’s stock worth $1,382,000 after buying an additional 36,543 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 68.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 69,983 shares of the closed-end fund’s stock worth $1,718,000 after acquiring an additional 28,434 shares in the last quarter.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.