Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) Sees Significant Drop in Short Interest

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 29,700 shares, a drop of 77.2% from the September 15th total of 130,200 shares. Based on an average daily volume of 55,700 shares, the short-interest ratio is presently 0.5 days.

ETO traded up $0.29 during midday trading on Thursday, hitting $31.50. 806 shares of the company traded hands, compared to its average volume of 50,767. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund has a 52-week low of $19.65 and a 52-week high of $34.68. The business has a 50 day simple moving average of $31.74 and a two-hundred day simple moving average of $29.84.

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 22nd will be issued a dividend of $0.179 per share. This represents a $2.15 annualized dividend and a yield of 6.82%. The ex-dividend date is Thursday, October 21st.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. purchased a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the second quarter worth about $44,000. Syverson Strege & Co lifted its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 68.2% in the second quarter. Syverson Strege & Co now owns 1,951 shares of the investment management company’s stock worth $57,000 after buying an additional 791 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the second quarter worth about $222,000. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the first quarter worth about $248,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the third quarter worth about $318,000.

About Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Global Dividend Opportunities 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 the stocks of companies operating across diversified sectors. It primarily invests in dividend paying value stocks of companies.

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