Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Sees Large Increase in Short Interest

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 606,436 shares, a growth of 32.7% from the November 30th total of 456,891 shares. Based on an average daily volume of 413,441 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 413,441 shares, the days-to-cover ratio is currently 1.5 days.

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

Eaton Vance Tax-Managed Global Diversified Equity Income Fund stock traded up $0.12 during trading hours on Tuesday, reaching $9.47. The stock had a trading volume of 461,546 shares, compared to its average volume of 567,866. The business’s 50 day moving average price is $9.21 and its 200-day moving average price is $9.00. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a 52 week low of $6.74 and a 52 week high of $9.49.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.0657 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Diversified Equity Income Fund

A number of large investors have recently made changes to their positions in EXG. Captrust Financial Advisors grew its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 113.3% during the 2nd quarter. Captrust Financial Advisors now owns 38,403 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 20,402 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the second quarter worth about $58,000. MML Investors Services LLC lifted its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 4.0% during the second quarter. MML Investors Services LLC now owns 64,075 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 2,441 shares during the period. EP Wealth Advisors LLC purchased a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the second quarter valued at approximately $605,000. Finally, Benjamin Edwards Inc. boosted its position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 7.3% in the second quarter. Benjamin Edwards Inc. now owns 32,860 shares of the financial services provider’s stock valued at $288,000 after buying an additional 2,230 shares during the last quarter.

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

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) is a closed-end management investment company that seeks to provide a high level of after-tax income and capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of dividend-paying equity securities across global developed and emerging markets. Portfolio construction emphasizes companies with sustainable dividend track records and the potential for long-term growth, while incorporating active risk management techniques.

The fund’s investment strategy blends bottom-up fundamental research with sector and country allocation decisions designed to capture attractive income opportunities around the world.