Short Interest in Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Grows By 101.5%

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 39,100 shares, a growth of 101.5% from the September 30th total of 19,400 shares. Based on an average trading volume of 115,800 shares, the days-to-cover ratio is currently 0.3 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Performance

NYSE ETG traded up $0.05 during trading hours on Monday, hitting $19.05. The company had a trading volume of 33,217 shares, compared to its average volume of 118,467. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 1-year low of $14.15 and a 1-year high of $19.56. The business has a 50 day moving average of $19.03 and a 200-day moving average of $18.54.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be issued a $0.129 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date is Wednesday, October 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC lifted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 12.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 21,099 shares of the company’s stock worth $385,000 after purchasing an additional 2,417 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund during the 1st quarter worth approximately $287,000. Allspring Global Investments Holdings LLC bought a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund in the first quarter valued at $153,000. Commonwealth Equity Services LLC lifted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 2.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 199,595 shares of the company’s stock valued at $3,643,000 after purchasing an additional 4,782 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 11.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 173,064 shares of the company’s stock valued at $3,158,000 after purchasing an additional 18,171 shares during the period.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Company Profile

Eaton Vance Tax-Advantaged Global 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 diversified sectors. The fund primarily invests in dividend paying value stocks of companies.