Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Short Interest Update

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 180,700 shares, an increase of 60.5% from the February 13th total of 112,600 shares. Based on an average trading volume of 605,000 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity at Eaton Vance Tax-Managed Global Diversified Equity Income Fund

In related news, insider Keith Quinton acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $8.48 per share, for a total transaction of $84,800.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at $84,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EXG. Raymond James Financial Inc. acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the 4th quarter valued at approximately $18,081,000. Penserra Capital Management LLC acquired a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 3rd quarter worth $4,590,000. Guggenheim Capital LLC increased its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 83.8% during the 4th quarter. Guggenheim Capital LLC now owns 1,120,859 shares of the financial services provider’s stock worth $9,157,000 after purchasing an additional 511,102 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 58.1% during the 3rd quarter. HighTower Advisors LLC now owns 779,306 shares of the financial services provider’s stock worth $6,793,000 after purchasing an additional 286,319 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth $1,929,000.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Stock Up 1.3 %

Eaton Vance Tax-Managed Global Diversified Equity Income Fund stock traded up $0.11 during trading hours on Friday, hitting $8.22. The company had a trading volume of 658,063 shares, compared to its average volume of 531,443. The firm’s fifty day moving average is $8.40 and its 200-day moving average is $8.42. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a fifty-two week low of $7.70 and a fifty-two week high of $8.80.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.0657 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.79 annualized dividend and a yield of 9.60%.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.