Short Interest in Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Rises By 24.9%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 109,700 shares, an increase of 24.9% from the October 15th total of 87,800 shares. Based on an average daily trading volume, of 481,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Beacon Investment Advisory Services Inc. grew its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 10.1% during the third quarter. Beacon Investment Advisory Services Inc. now owns 16,395 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,500 shares during the period. Integrated Capital Management Inc. grew its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 5.1% in the 2nd quarter. Integrated Capital Management Inc. now owns 33,340 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 1,613 shares during the last quarter. Van Hulzen Asset Management LLC raised its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 12.7% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 16,405 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 1,850 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 9.1% during the third quarter. Stratos Wealth Advisors LLC now owns 24,024 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 6.5% during the third quarter. Private Advisor Group LLC now owns 33,710 shares of the financial services provider’s stock worth $294,000 after buying an additional 2,049 shares in the last quarter.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Price Performance

NYSE EXG traded up $0.01 during trading hours on Friday, hitting $8.38. The company had a trading volume of 451,868 shares, compared to its average volume of 507,933. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a fifty-two week low of $7.41 and a fifty-two week high of $8.80. The business has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $8.40.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.0657 per share. This represents a $0.79 annualized dividend and a yield of 9.41%. The ex-dividend date is Thursday, November 21st.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Global Diversified Equity Income 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 stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.