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

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 149,700 shares, a decline of 11.2% from the August 15th total of 168,500 shares. Based on an average daily volume of 524,700 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Trading Down 0.1 %

NYSE EXG opened at $8.46 on Thursday. The firm has a 50-day simple moving average of $8.38 and a 200 day simple moving average of $8.26. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a twelve month low of $6.78 and a twelve month high of $8.80.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.0657 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend is Friday, September 20th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atomi Financial Group Inc. raised its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 4.3% in the first quarter. Atomi Financial Group Inc. now owns 38,438 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 1,600 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2.4% in the 4th quarter. Corient Private Wealth LLC now owns 69,147 shares of the financial services provider’s stock valued at $534,000 after buying an additional 1,606 shares during the period. Integrated Capital Management Inc. increased its holdings in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 5.1% in the second quarter. Integrated Capital Management Inc. now owns 33,340 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 1,613 shares in the last quarter. Van Hulzen Asset Management LLC lifted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 12.7% in the second quarter. Van Hulzen Asset Management LLC now owns 16,405 shares of the financial services provider’s stock valued at $139,000 after buying an additional 1,850 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 14.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 18,163 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 2,312 shares during the period.

About Eaton Vance Tax-Managed Global Diversified Equity Income Fund

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.