Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Sees Large Decline in Short Interest

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 13,538 shares, a drop of 79.1% from the July 30th total of 64,766 shares. Based on an average daily volume of 113,280 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Up 0.6%

Eaton Vance Tax-Advantaged Global Dividend Income Fund stock traded up $0.14 during trading hours on Friday, reaching $24.38. 96,179 shares of the company were exchanged, compared to its average volume of 122,954. The stock has a 50-day moving average of $23.59 and a 200 day moving average of $22.66. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 12 month low of $19.34 and a 12 month high of $24.71.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.1293 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Eaton Vance Tax-Advantaged Global Dividend Income Fund

Several hedge funds have recently added to or reduced their stakes in ETG. Cetera Investment Advisers raised its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 3.8% in the 1st quarter. Cetera Investment Advisers now owns 96,504 shares of the company’s stock valued at $1,942,000 after acquiring an additional 3,532 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 173.1% in the first quarter. PNC Financial Services Group Inc. now owns 25,356 shares of the company’s stock valued at $510,000 after purchasing an additional 16,070 shares in the last quarter. Readystate Asset Management LP bought a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund in the first quarter worth $1,624,000. Sanctuary Advisors LLC lifted its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 0.9% in the first quarter. Sanctuary Advisors LLC now owns 115,801 shares of the company’s stock worth $2,330,000 after purchasing an additional 1,059 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the first quarter worth $62,000.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Company Profile

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.