Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Declines By 28.7%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 23,800 shares, a decrease of 28.7% from the February 13th total of 33,400 shares. Based on an average daily trading volume, of 131,900 shares, the short-interest ratio is presently 0.2 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

EVT traded up $0.19 on Friday, hitting $22.96. 93,490 shares of the company were exchanged, compared to its average volume of 115,317. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12 month low of $22.29 and a 12 month high of $25.83. The stock’s fifty day moving average is $24.06 and its 200-day moving average is $24.38.

Eaton Vance Tax-Advantaged Dividend Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.1646 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.98 annualized dividend and a yield of 8.60%.

Insider Transactions at Eaton Vance Tax-Advantaged Dividend Income Fund

In related news, insider Keith Quinton bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of $24.24 per share, for a total transaction of $193,920.00. Following the completion of the acquisition, the insider now owns 8,000 shares of the company’s stock, valued at approximately $193,920. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Eaton Vance Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 472.3% in the fourth quarter. Allworth Financial LP now owns 5,763 shares of the closed-end fund’s stock valued at $142,000 after buying an additional 4,756 shares during the period. Calamos Advisors LLC raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 23.8% in the fourth quarter. Calamos Advisors LLC now owns 14,586 shares of the closed-end fund’s stock valued at $351,000 after buying an additional 2,805 shares during the period. Spire Wealth Management bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter valued at approximately $1,947,000. NorthStar Asset Management LLC NJ raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 4.7% in the fourth quarter. NorthStar Asset Management LLC NJ now owns 9,662 shares of the closed-end fund’s stock valued at $232,000 after buying an additional 436 shares during the period. Finally, Commons Capital LLC raised its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 12.4% in the fourth quarter. Commons Capital LLC now owns 11,797 shares of the closed-end fund’s stock valued at $284,000 after buying an additional 1,298 shares during the period.

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.