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

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 25,000 shares, a growth of 11.1% from the March 15th total of 22,500 shares. Based on an average daily volume of 127,300 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Trading Down 0.2 %

Eaton Vance Tax-Advantaged Global Dividend Income Fund stock opened at $17.27 on Wednesday. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 1 year low of $14.08 and a 1 year high of $18.34. The firm’s 50 day moving average price is $17.93 and its 200-day moving average price is $16.86.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.129 dividend. This is an increase from Eaton Vance Tax-Advantaged Global Dividend Income Fund’s previous monthly dividend of $0.10. This represents a $1.55 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 2.2% in the third quarter. PNC Financial Services Group Inc. now owns 31,278 shares of the company’s stock valued at $481,000 after purchasing an additional 676 shares in the last quarter. McGowan Group Asset Management Inc. raised its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 1.9% during the 3rd quarter. McGowan Group Asset Management Inc. now owns 458,626 shares of the company’s stock valued at $7,054,000 after buying an additional 8,413 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 163,089 shares of the company’s stock valued at $2,508,000 after buying an additional 3,909 shares in the last quarter. Karpus Management Inc. lifted its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 23.5% in the 3rd quarter. Karpus Management Inc. now owns 1,269,768 shares of the company’s stock valued at $19,529,000 after acquiring an additional 241,849 shares during the last quarter. Finally, Cornerstone Advisors LLC grew its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 81.9% in the third quarter. Cornerstone Advisors LLC now owns 600,062 shares of the company’s stock worth $9,229,000 after acquiring an additional 270,113 shares in the last quarter.

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.