Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Short Interest Update

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 253,441 shares, a growth of 48.3% from the November 30th total of 170,878 shares. Based on an average trading volume of 132,400 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 132,400 shares, the days-to-cover ratio is currently 1.9 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Trading Up 0.8%

Shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund stock traded up $0.18 on Tuesday, reaching $22.93. 107,705 shares of the stock were exchanged, compared to its average volume of 117,858. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $21.31. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a twelve month low of $15.04 and a twelve month high of $22.98.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.1293 dividend. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

Insider Activity

In related news, Portfolio Manager Derek Digregorio sold 1,417 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $22.30, for a total transaction of $31,599.10. Following the completion of the sale, the portfolio manager owned 1 shares of the company’s stock, valued at $22.30. This represents a 99.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Eaton Vance Tax-Advantaged Global Dividend Income Fund

Several hedge funds have recently added to or reduced their stakes in ETG. Invesco Ltd. boosted its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 3.7% in the first quarter. Invesco Ltd. now owns 99,762 shares of the company’s stock worth $1,818,000 after buying an additional 3,523 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 8.9% in the 1st quarter. Raymond James Financial Inc. now owns 216,686 shares of the company’s stock valued at $3,948,000 after purchasing an additional 17,635 shares during the period. Baird Financial Group Inc. purchased a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the first quarter worth $186,000. Royal Bank of Canada grew its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 5.0% during the first quarter. Royal Bank of Canada now owns 213,733 shares of the company’s stock valued at $3,894,000 after buying an additional 10,266 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 311,525 shares of the company’s stock valued at $5,676,000 after buying an additional 28,061 shares during the period.

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.