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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 15,900 shares, a growth of 224.5% from the June 15th total of 4,900 shares. Based on an average daily trading volume, of 105,200 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

EVT stock traded up $0.10 during mid-day trading on Thursday, reaching $23.56. 162,287 shares of the stock traded hands, compared to its average volume of 112,657. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52-week low of $18.70 and a 52-week high of $24.19. The stock’s fifty day moving average is $23.42 and its 200-day moving average is $22.87.

Eaton Vance Tax-Advantaged Dividend Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.1646 per share. This represents a $1.98 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date of this dividend is Tuesday, July 23rd.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at about $35,000. Future Financial Wealth Managment LLC bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at approximately $41,000. ORG Partners LLC bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at approximately $41,000. Kessler Investment Group LLC acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at approximately $51,000. Finally, Bank & Trust Co acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the second quarter valued at approximately $64,000.

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.