Short Interest in Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Declines By 48.8%

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVTGet Rating) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 42,200 shares, a decrease of 48.8% from the April 30th total of 82,400 shares. Based on an average daily trading volume, of 125,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Tcwp LLC purchased a new stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund during the first quarter valued at $28,000. Trustcore Financial Services LLC boosted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 8,666.7% during the fourth quarter. Trustcore Financial Services LLC now owns 1,315 shares of the closed-end fund’s stock valued at $39,000 after buying an additional 1,300 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $43,000. CWM LLC purchased a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $44,000. Finally, Princeton Global Asset Management LLC purchased a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the first quarter worth about $73,000.

NYSE:EVT opened at $25.04 on Friday. Eaton Vance Tax-Advantaged Dividend Income Fund has a fifty-two week low of $23.35 and a fifty-two week high of $30.25. The business has a 50 day moving average price of $26.54 and a 200-day moving average price of $27.55.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th will be issued a $0.163 dividend. The ex-dividend date is Monday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 7.81%.

About Eaton Vance Tax-Advantaged Dividend Income Fund (Get Rating)

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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