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

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 25,000 shares, a growth of 11.1% from the March 15th total of 22,500 shares. Based on an average daily volume of 127,300 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in ETG. PNC Financial Services Group Inc. increased its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 2.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 31,278 shares of the company’s stock valued at $481,000 after acquiring an additional 676 shares during the period. McGowan Group Asset Management Inc. increased its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 1.9% in the 3rd quarter. McGowan Group Asset Management Inc. now owns 458,626 shares of the company’s stock valued at $7,054,000 after acquiring an additional 8,413 shares during the period. Janney Montgomery Scott LLC increased its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 2.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 163,089 shares of the company’s stock valued at $2,508,000 after acquiring an additional 3,909 shares during the period. Karpus Management Inc. increased its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 23.5% in the 3rd quarter. Karpus Management Inc. now owns 1,269,768 shares of the company’s stock valued at $19,529,000 after acquiring an additional 241,849 shares during the period. Finally, Cornerstone Advisors LLC increased its position in Eaton Vance Tax-Advantaged Global Dividend Income Fund by 81.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 600,062 shares of the company’s stock valued at $9,229,000 after acquiring an additional 270,113 shares during the period.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Price Performance

Eaton Vance Tax-Advantaged Global Dividend Income Fund stock opened at $17.58 on Monday. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a fifty-two week low of $14.08 and a fifty-two week high of $18.34. The stock has a 50-day simple moving average of $17.94 and a 200-day simple moving average of $16.83.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.129 dividend. This is an increase from Eaton Vance Tax-Advantaged Global Dividend Income Fund’s previous monthly dividend of $0.10. This represents a $1.55 annualized dividend and a dividend yield of 8.81%. The ex-dividend date is Monday, April 22nd.

About Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying value stocks of companies.