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

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 49,600 shares, a growth of 363.6% from the January 15th total of 10,700 shares. Based on an average trading volume of 131,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETG. Fourpath Capital Management LLC bought a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund in the fourth quarter valued at approximately $273,000. Janney Montgomery Scott LLC raised its stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 8.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 180,552 shares of the company’s stock worth $3,291,000 after buying an additional 13,955 shares during the period. PFG Investments LLC lifted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 7.6% during the fourth quarter. PFG Investments LLC now owns 22,360 shares of the company’s stock worth $408,000 after acquiring an additional 1,577 shares in the last quarter. Denver Wealth Management Inc. grew its stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 5.8% in the fourth quarter. Denver Wealth Management Inc. now owns 19,906 shares of the company’s stock valued at $363,000 after acquiring an additional 1,095 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 14.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 53,111 shares of the company’s stock worth $968,000 after acquiring an additional 6,877 shares in the last quarter.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Trading Down 0.1 %

Shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund stock traded down $0.01 during mid-day trading on Wednesday, reaching $19.00. 76,080 shares of the stock were exchanged, compared to its average volume of 137,579. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a fifty-two week low of $17.02 and a fifty-two week high of $19.56. The firm has a 50-day simple moving average of $18.70 and a 200 day simple moving average of $18.83.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1293 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Friday, February 14th.

About Eaton Vance Tax-Advantaged Global Dividend Income Fund

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.