Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Up 55.8% in December

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 58,900 shares, an increase of 55.8% from the November 30th total of 37,800 shares. Based on an average daily volume of 102,900 shares, the days-to-cover ratio is presently 0.6 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of EVT stock opened at $24.07 on Friday. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12 month low of $21.82 and a 12 month high of $25.83. The firm has a fifty day simple moving average of $24.80 and a two-hundred day simple moving average of $24.20.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.1646 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.21%.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

Several large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 3rd quarter worth approximately $4,733,000. Advisors Asset Management Inc. grew its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 24.4% during the third quarter. Advisors Asset Management Inc. now owns 214,788 shares of the closed-end fund’s stock worth $5,303,000 after buying an additional 42,133 shares in the last quarter. Summit Investment Advisory Services LLC purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $890,000. Sanctuary Advisors LLC bought a new position in Eaton Vance Tax-Advantaged Dividend Income Fund during the 2nd quarter valued at $682,000. Finally, Shaker Financial Services LLC lifted its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 16.0% during the 3rd quarter. Shaker Financial Services LLC now owns 206,646 shares of the closed-end fund’s stock valued at $5,102,000 after acquiring an additional 28,511 shares in the last quarter.

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.