Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Short Interest Down 90.6% in March

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,300 shares, a decline of 90.6% from the February 29th total of 24,400 shares. Based on an average daily volume of 122,400 shares, the short-interest ratio is presently 0.0 days.

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

A number of hedge funds have recently made changes to their positions in the business. UBS Group AG increased its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 1.0% in the 1st quarter. UBS Group AG now owns 1,063,029 shares of the closed-end fund’s stock valued at $24,035,000 after acquiring an additional 10,275 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 112.6% during the 4th quarter. Cornerstone Advisors LLC now owns 947,350 shares of the closed-end fund’s stock worth $21,079,000 after buying an additional 501,740 shares during the period. Joel Isaacson & Co. LLC raised its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.9% in the third quarter. Joel Isaacson & Co. LLC now owns 792,346 shares of the closed-end fund’s stock valued at $16,782,000 after purchasing an additional 14,558 shares during the last quarter. McGowan Group Asset Management Inc. raised its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.9% in the third quarter. McGowan Group Asset Management Inc. now owns 729,208 shares of the closed-end fund’s stock valued at $15,445,000 after purchasing an additional 13,497 shares during the last quarter. Finally, Karpus Management Inc. increased its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 119.5% during the fourth quarter. Karpus Management Inc. now owns 578,381 shares of the closed-end fund’s stock worth $12,869,000 after buying an additional 314,894 shares during the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

EVT traded up $0.28 on Wednesday, reaching $23.40. 88,200 shares of the company traded hands, compared to its average volume of 119,307. The stock’s 50 day moving average price is $22.51 and its 200-day moving average price is $21.57. Eaton Vance Tax-Advantaged Dividend Income Fund has a 52-week low of $18.70 and a 52-week high of $23.82.

Eaton Vance Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 21st will be paid a dividend of $0.1488 per share. This represents a $1.79 annualized dividend and a yield of 7.63%. The ex-dividend date is Wednesday, March 20th.

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.