Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Up 61.3% in October

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 38,400 shares, an increase of 61.3% from the October 15th total of 23,800 shares. Based on an average trading volume of 105,900 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Down 0.2 %

Shares of NYSE:EVT traded down $0.04 during midday trading on Thursday, hitting $25.21. The company had a trading volume of 39,941 shares, compared to its average volume of 112,778. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12-month low of $20.34 and a 12-month high of $25.33. The company has a fifty day moving average of $24.41 and a two-hundred day moving average of $23.88.

Eaton Vance Tax-Advantaged Dividend Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.1646 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Founders Financial Alliance LLC lifted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.2% during the 2nd quarter. Founders Financial Alliance LLC now owns 28,762 shares of the closed-end fund’s stock valued at $670,000 after buying an additional 618 shares in the last quarter. Creative Planning lifted its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 4.8% in the second quarter. Creative Planning now owns 19,183 shares of the closed-end fund’s stock valued at $447,000 after acquiring an additional 882 shares in the last quarter. Accel Wealth Management boosted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.0% in the second quarter. Accel Wealth Management now owns 122,314 shares of the closed-end fund’s stock worth $2,849,000 after acquiring an additional 1,177 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 3.0% during the first quarter. Janney Montgomery Scott LLC now owns 45,046 shares of the closed-end fund’s stock worth $1,063,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the 3rd quarter valued at approximately $44,000.

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.