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

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 85,000 shares, a growth of 6.6% from the May 31st total of 79,700 shares. Based on an average daily volume of 462,700 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Trading Up 0.4 %

EXG stock opened at $8.48 on Wednesday. The company has a 50 day moving average of $8.29 and a two-hundred day moving average of $8.03. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a 12-month low of $6.78 and a 12-month high of $8.53.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be given a $0.0657 dividend. This represents a $0.79 annualized dividend and a yield of 9.30%. The ex-dividend date of this dividend is Tuesday, July 23rd.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Several institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC raised its position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 103.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 3,350 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,700 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the third quarter worth $49,000. ORG Partners LLC bought a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the first quarter worth $51,000. PFS Partners LLC acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter worth $58,000. Finally, Sandy Spring Bank bought a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth about $65,000.

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.