Short Interest in Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Increases By 123.9%

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 18,689 shares, a growth of 123.9% from the March 15th total of 8,347 shares. Based on an average daily volume of 161,176 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ETG. Baird Financial Group Inc. acquired a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the first quarter worth about $186,000. Royal Bank of Canada grew its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 5.0% in the 1st quarter. Royal Bank of Canada now owns 213,733 shares of the company’s stock valued at $3,894,000 after buying an additional 10,266 shares during the period. Jane Street Group LLC grew its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 23.6% in the 1st quarter. Jane Street Group LLC now owns 15,798 shares of the company’s stock valued at $288,000 after buying an additional 3,015 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 664.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,577 shares of the company’s stock worth $159,000 after buying an additional 6,586 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund during the 2nd quarter worth approximately $553,000.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Performance

ETG stock opened at $21.74 on Tuesday. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 1 year low of $16.87 and a 1 year high of $23.67. The business has a 50 day simple moving average of $21.81 and a 200-day simple moving average of $22.10.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a $0.1293 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Wednesday, April 15th.

About Eaton Vance Tax-Advantaged Global Dividend Income Fund

The Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) is a diversified closed-end management investment company. The fund seeks to provide monthly distributions with the potential for long-term total return, emphasizing high-quality income-producing equity securities from issuers around the world while aiming to enhance after-tax yield for shareholders.

ETG’s portfolio is composed primarily of dividend-paying common stocks, preferred stocks, securities convertible into equity shares, and American Depositary Receipts across developed and emerging markets.