Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Sees Large Decrease in Short Interest

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

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Global Dividend Income Fund

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

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Up 0.2%

Eaton Vance Tax-Advantaged Global Dividend Income Fund stock traded up $0.05 during trading hours on Monday, hitting $22.75. The stock had a trading volume of 99,389 shares, compared to its average volume of 115,172. 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 stock’s fifty day moving average is $23.34 and its two-hundred day moving average is $22.84.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a dividend of $0.1293 per share. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $1.55 annualized dividend and a dividend yield of 6.8%.

About Eaton Vance Tax-Advantaged Global Dividend Income Fund

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.