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

by · The Cerbat Gem

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 7,200 shares, a decline of 64.9% from the September 15th total of 20,500 shares. Based on an average daily trading volume, of 118,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors LLC lifted its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 35.1% in the 1st quarter. Cornerstone Advisors LLC now owns 1,280,326 shares of the closed-end fund’s stock worth $30,216,000 after purchasing an additional 332,976 shares in the last quarter. Flow State Investments L.P. purchased a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter worth $2,068,000. Cetera Investment Advisers bought a new position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter worth $1,963,000. Cohen & Steers Inc. grew its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 23.9% during the fourth quarter. Cohen & Steers Inc. now owns 259,013 shares of the closed-end fund’s stock valued at $5,763,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 45.2% in the 1st quarter. Advisors Asset Management Inc. now owns 102,834 shares of the closed-end fund’s stock valued at $2,427,000 after acquiring an additional 32,029 shares during the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 0.7 %

Shares of NYSE:EVT traded up $0.17 during mid-day trading on Friday, reaching $24.70. 83,428 shares of the company traded hands, compared to its average volume of 114,330. The company’s 50 day moving average price is $24.10 and its 200-day moving average price is $23.63. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52 week low of $18.70 and a 52 week high of $24.80.

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 $0.165 dividend. The ex-dividend date is Wednesday, October 23rd. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.16. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.02%.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

(Get Free Report)

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.

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