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 significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 22,500 shares, an increase of 64.2% from the February 29th total of 13,700 shares. Based on an average daily volume of 130,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,453 shares of the company’s stock worth $589,000 after acquiring an additional 3,175 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 3.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 26,750 shares of the company’s stock valued at $457,000 after purchasing an additional 800 shares during the period. Flow State Investments L.P. bought a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the 4th quarter worth approximately $957,000. Royal Bank of Canada lifted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 21.4% during the 4th quarter. Royal Bank of Canada now owns 260,389 shares of the company’s stock valued at $4,453,000 after purchasing an additional 45,887 shares during the last quarter. Finally, Karpus Management Inc. boosted its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 9.5% in the fourth quarter. Karpus Management Inc. now owns 1,390,813 shares of the company’s stock valued at $23,783,000 after acquiring an additional 121,045 shares during the period.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Performance

Shares of NYSE:ETG traded up $0.02 during trading on Friday, hitting $18.25. The company’s stock had a trading volume of 184,673 shares, compared to its average volume of 131,408. The business has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $16.66. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a fifty-two week low of $14.08 and a fifty-two week high of $18.34.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a dividend of $0.1001 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date was Wednesday, March 20th.

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.