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 recipient of a large increase in short interest during 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 trading volume, of 86,822 shares, the short-interest ratio is currently 0.7 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Price Performance

Shares of NYSE ETG traded up $0.04 during midday trading on Wednesday, reaching $24.47. The company’s stock had a trading volume of 26,545 shares, compared to its average volume of 124,769. The firm has a 50 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 12-month low of $19.34 and a 12-month high of $24.62.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Announces Dividend

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

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

A number of hedge funds have recently made changes to their positions in ETG. Harbour Investments Inc. grew its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 556.4% during the fourth quarter. Harbour Investments Inc. now owns 1,641 shares of the company’s stock valued at $38,000 after buying an additional 1,391 shares during the period. Farther Finance Advisors LLC boosted its stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 90.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,100 shares of the company’s stock valued at $49,000 after acquiring an additional 1,000 shares during the last quarter. Ascentis Independent Advisors purchased a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund in the first quarter valued at about $62,000. Advisory Services Network LLC bought a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund during the 3rd quarter valued at approximately $130,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 664.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,577 shares of the company’s stock valued at $159,000 after acquiring an additional 6,586 shares during the period.

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.