Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Sees Large Drop in Short Interest

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 48,256 shares, a decrease of 78.2% from the December 31st total of 221,765 shares. Based on an average trading volume of 147,635 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 147,635 shares, the short-interest ratio is presently 0.3 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Price Performance

Shares of NYSE:ETG traded down $0.03 during trading on Thursday, hitting $23.43. 128,644 shares of the stock were exchanged, compared to its average volume of 131,123. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 1-year low of $15.04 and a 1-year high of $23.58. The company’s fifty day simple moving average is $22.72 and its 200-day simple moving average is $21.70.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Dividend Announcement

The firm 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 $0.1293 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

Insider Buying and Selling at Eaton Vance Tax-Advantaged Global Dividend Income Fund

In other Eaton Vance Tax-Advantaged Global Dividend Income Fund news, Portfolio Manager Derek Digregorio sold 1,417 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $22.30, for a total value of $31,599.10. Following the sale, the portfolio manager owned 1 shares of the company’s stock, valued at $22.30. This trade represents a 99.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of Eaton Vance Tax-Advantaged Global Dividend Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the second quarter valued at approximately $26,000. Chung Wu Investment Group LLC bought a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund in the second quarter valued at $48,000. Farther Finance Advisors LLC grew its position 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 period. Newbridge Financial Services Group Inc. acquired a new position in Eaton Vance Tax-Advantaged Global Dividend Income Fund during the second quarter worth $65,000. Finally, Allworth Financial LP lifted its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 44.0% during the second quarter. Allworth Financial LP now owns 3,542 shares of the company’s stock valued at $74,000 after acquiring an additional 1,082 shares during the period.

About Eaton Vance Tax-Advantaged Global Dividend Income Fund

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.