Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Short Interest Update

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 180,700 shares, a growth of 60.5% from the February 13th total of 112,600 shares. Based on an average daily trading volume, of 605,000 shares, the days-to-cover ratio is presently 0.3 days.

Insiders Place Their Bets

In other news, insider Keith Quinton acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $8.48 per share, for a total transaction of $84,800.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $84,800. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Institutional investors have recently modified their holdings of the stock. Commerce Bank grew its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 3.6% during the 4th quarter. Commerce Bank now owns 34,731 shares of the financial services provider’s stock valued at $284,000 after buying an additional 1,200 shares during the last quarter. Shaker Financial Services LLC lifted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.4% in the 4th quarter. Shaker Financial Services LLC now owns 357,913 shares of the financial services provider’s stock worth $2,924,000 after acquiring an additional 1,324 shares during the period. Beacon Investment Advisory Services Inc. lifted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 10.1% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 16,395 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,500 shares during the period. Natixis Advisors LLC lifted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 27,713 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2.7% during the fourth quarter. Dakota Wealth Management now owns 77,230 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 2,020 shares during the last quarter.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Stock Performance

Shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund stock traded up $0.11 during trading on Friday, reaching $8.22. The company had a trading volume of 658,063 shares, compared to its average volume of 531,443. The firm’s fifty day moving average is $8.40 and its 200-day moving average is $8.42. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a fifty-two week low of $7.70 and a fifty-two week high of $8.80.

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

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0657 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 9.60%.

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.