Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Short Interest Up 435.4% in July

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 64,766 shares, an increase of 435.4% from the July 15th total of 12,096 shares. Based on an average daily volume of 86,822 shares, the short-interest ratio is presently 0.7 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Performance

Shares of ETG traded up $0.04 during mid-day trading on Wednesday, hitting $24.47. The stock had a trading volume of 26,545 shares, compared to its average volume of 124,769. The business has a fifty day moving average price of $23.26 and a 200-day moving average price of $22.57. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 52 week low of $19.34 and a 52 week high of $24.62.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.1293 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.3%.

Institutional Investors Weigh In On Eaton Vance Tax-Advantaged Global Dividend Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. bought a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the first quarter worth about $186,000. Royal Bank of Canada boosted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 5.0% in the 1st quarter. Royal Bank of Canada now owns 213,733 shares of the company’s stock worth $3,894,000 after buying an additional 10,266 shares during the period. Jane Street Group LLC boosted its holdings in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 23.6% in the 1st quarter. Jane Street Group LLC now owns 15,798 shares of the company’s stock worth $288,000 after buying an additional 3,015 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 664.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,577 shares of the company’s stock valued at $159,000 after buying an additional 6,586 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund in the 2nd quarter valued at approximately $553,000.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Company Profile

The Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) is a diversified closed-end management investment company. The fund seeks to provide monthly distributions with the potential for long-term total return, emphasizing high-quality income-producing equity securities from issuers around the world while aiming to enhance after-tax yield for shareholders.

ETG’s portfolio is composed primarily of dividend-paying common stocks, preferred stocks, securities convertible into equity shares, and American Depositary Receipts across developed and emerging markets.