Short Interest in Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Expands By 6.6%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the target of a large 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 days-to-cover ratio is currently 0.2 days.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Trading Up 0.6 %

Shares of NYSE:EXG opened at $8.53 on Thursday. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a 1 year low of $6.78 and a 1 year high of $8.53. The firm has a fifty day moving average price of $8.30 and a 200 day moving average price of $8.04.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.0657 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $0.79 annualized dividend and a dividend yield of 9.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 16.4% during the third quarter. LPL Financial LLC now owns 799,813 shares of the financial services provider’s stock worth $5,895,000 after purchasing an additional 112,455 shares during the period. Natixis Advisors L.P. bought a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 3rd quarter worth $302,000. Axxcess Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the 3rd quarter valued at $248,000. Stonebridge Capital Advisors LLC bought a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the 3rd quarter worth $49,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 5.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 238,470 shares of the financial services provider’s stock worth $1,758,000 after acquiring an additional 11,852 shares during the last quarter.

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.