Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Shares Shorted: Short Interest Down 37.6% in October

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 20,967 shares, a decrease of 37.6% from the September 30th total of 33,589 shares. Based on an average daily trading volume, of 76,312 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Trading Up 0.7%

Shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund stock opened at $22.85 on Wednesday. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 1 year low of $19.34 and a 1 year high of $24.71. The company has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $22.83.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.4%. This is an increase from Eaton Vance Tax-Advantaged Global Dividend Income Fund’s previous monthly dividend of $0.1293.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 12.0% during the first quarter. Bank of America Corp DE now owns 1,458,769 shares of the company’s stock worth $29,350,000 after purchasing an additional 155,996 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 6.9% in the 1st quarter. Royal Bank of Canada now owns 305,677 shares of the company’s stock worth $6,150,000 after purchasing an additional 19,855 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 5.7% in the 1st quarter. First Trust Advisors LP now owns 200,737 shares of the company’s stock worth $4,039,000 after purchasing an additional 10,819 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 186,038 shares of the company’s stock worth $3,743,000 after purchasing an additional 3,131 shares in the last quarter. Finally, Shaker Financial Services LLC grew its stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 77.4% during the 3rd quarter. Shaker Financial Services LLC now owns 158,081 shares of the company’s stock worth $3,655,000 after buying an additional 68,954 shares during the last quarter.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Company Profile

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) is a closed-end investment fund managed by Eaton Vance Management. The fund seeks to provide current income and long-term total return, with an emphasis on generating income that may receive favorable tax treatment for shareholders.

ETG invests primarily in dividend-paying equity securities issued by companies around the world. Its portfolio may include businesses from a range of industries and geographic regions, giving shareholders exposure to both U.S.