Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Up 230.6% in October

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 23,800 shares, a growth of 230.6% from the September 30th total of 7,200 shares. Based on an average daily volume of 110,800 shares, the days-to-cover ratio is currently 0.2 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $41,000. ORG Partners LLC acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $41,000. Bank & Trust Co acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 2nd quarter valued at $64,000. Salomon & Ludwin LLC acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 1st quarter valued at $66,000. Finally, GHP Investment Advisors Inc. acquired a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $73,000.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Shares of NYSE EVT traded down $0.17 during midday trading on Friday, reaching $24.17. 69,061 shares of the stock were exchanged, compared to its average volume of 113,498. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $18.70 and a twelve month high of $24.90. The firm has a 50-day simple moving average of $24.32 and a two-hundred day simple moving average of $23.71.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.165 per share. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.19%.

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.