Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Short Interest Down 54.8% in July

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 13,300 shares, a decline of 54.8% from the June 30th total of 29,400 shares. Based on an average daily volume of 108,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BCR Wealth Strategies LLC acquired a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the second quarter worth $192,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 452.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 46,399 shares of the company’s stock valued at $863,000 after acquiring an additional 37,999 shares during the last quarter. Denver Wealth Management Inc. lifted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 7.1% in the 2nd quarter. Denver Wealth Management Inc. now owns 19,201 shares of the company’s stock worth $357,000 after purchasing an additional 1,269 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 158.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 40,575 shares of the company’s stock valued at $755,000 after purchasing an additional 24,862 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the first quarter valued at approximately $300,000.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Trading Up 0.3 %

Shares of NYSE ETG traded up $0.06 during trading hours on Friday, hitting $18.37. The stock had a trading volume of 87,727 shares, compared to its average volume of 120,365. The firm’s 50-day moving average price is $18.60 and its two-hundred day moving average price is $18.04. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 52 week low of $14.08 and a 52 week high of $19.40.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.1293 per share. This is a positive change from Eaton Vance Tax-Advantaged Global Dividend Income Fund’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.55 annualized dividend and a dividend yield of 8.45%.

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.