Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Sees Significant Decrease in Short Interest

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 481,044 shares, a decrease of 20.7% from the December 15th total of 606,436 shares. Based on an average trading volume of 466,766 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 466,766 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 1st quarter worth $84,000. Jane Street Group LLC bought a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the first quarter worth about $289,000. Parallel Advisors LLC lifted its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 68.2% during the 2nd quarter. Parallel Advisors LLC now owns 9,819 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 3,982 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 20.1% during the 2nd quarter. Focus Financial Network Inc. now owns 29,381 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 4,911 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 11.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 63,171 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 6,382 shares during the period.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Price Performance

Shares of EXG stock opened at $9.59 on Friday. The stock’s 50 day simple moving average is $9.33 and its 200 day simple moving average is $9.08. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a twelve month low of $6.74 and a twelve month high of $9.78.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0657 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Thursday, January 15th.

About Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE: EXG) is a closed-end management investment company that seeks to provide a high level of after-tax income and capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of dividend-paying equity securities across global developed and emerging markets. Portfolio construction emphasizes companies with sustainable dividend track records and the potential for long-term growth, while incorporating active risk management techniques.

The fund’s investment strategy blends bottom-up fundamental research with sector and country allocation decisions designed to capture attractive income opportunities around the world.