Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Expands By 434.4%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 32,600 shares, an increase of 434.4% from the March 31st total of 6,100 shares. Based on an average daily trading volume, of 119,500 shares, the short-interest ratio is presently 0.3 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 1.1 %

Shares of EVT stock traded up $0.24 during trading on Friday, hitting $22.88. The company had a trading volume of 92,061 shares, compared to its average volume of 118,317. The stock’s 50-day moving average price is $22.89 and its 200 day moving average price is $21.81. Eaton Vance Tax-Advantaged Dividend Income Fund has a one year low of $18.70 and a one year high of $23.82.

Eaton Vance Tax-Advantaged Dividend Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15. This represents a $1.98 annualized dividend and a yield of 8.65%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVT. Karpus Management Inc. lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 115.6% in the 3rd quarter. Karpus Management Inc. now owns 263,487 shares of the closed-end fund’s stock valued at $5,581,000 after acquiring an additional 141,282 shares during the last quarter. Cornerstone Advisors LLC grew its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 91.8% in the 3rd quarter. Cornerstone Advisors LLC now owns 445,610 shares of the closed-end fund’s stock valued at $9,438,000 after buying an additional 213,287 shares during the period. J.P. Morgan Private Wealth Advisors LLC grew its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 4.6% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 151,445 shares of the closed-end fund’s stock valued at $3,208,000 after buying an additional 6,697 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at about $290,000. Finally, Financial Security Advisor Inc. acquired a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at about $212,000.

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.