Short Interest in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) Drops By 21.2%

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 10,800 shares, a decrease of 21.2% from the February 13th total of 13,700 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is currently 0.4 days.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Stock Performance

Shares of ETO traded up $0.20 during mid-day trading on Wednesday, reaching $25.24. 14,995 shares of the company’s stock traded hands, compared to its average volume of 26,240. The business’s 50-day moving average price is $25.64 and its 200-day moving average price is $25.80. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund has a 12 month low of $23.50 and a 12 month high of $27.00.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.1733 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 8.24%.

Insider Buying and Selling

In other news, Portfolio Manager Derek Digregorio acquired 980 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $25.98 per share, for a total transaction of $25,460.40. Following the transaction, the portfolio manager now directly owns 980 shares in the company, valued at $25,460.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keith Quinton bought 5,000 shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $26.10 per share, with a total value of $130,500.00. Following the completion of the purchase, the insider now directly owns 6,000 shares in the company, valued at $156,600. This trade represents a 500.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

Institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 116.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,410 shares of the investment management company’s stock worth $263,000 after purchasing an additional 5,610 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the fourth quarter valued at $313,000. Cetera Investment Advisers boosted its stake in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 7.5% during the fourth quarter. Cetera Investment Advisers now owns 12,614 shares of the investment management company’s stock valued at $319,000 after buying an additional 877 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 16.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,946 shares of the investment management company’s stock worth $378,000 after acquiring an additional 2,141 shares during the period. Finally, Silver Oak Securities Incorporated raised its position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 9.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 17,252 shares of the investment management company’s stock worth $434,000 after acquiring an additional 1,556 shares in the last quarter.

About Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in dividend paying value stocks of companies.