Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Short Interest Up 111.5% in July

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 188,000 shares, a growth of 111.5% from the June 30th total of 88,900 shares. Based on an average trading volume of 470,500 shares, the days-to-cover ratio is presently 0.4 days.

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

Eaton Vance Tax-Managed Global Diversified Equity Income Fund stock traded down $0.02 during trading hours on Friday, reaching $8.31. 481,065 shares of the company’s stock traded hands, compared to its average volume of 503,839. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a fifty-two week low of $6.78 and a fifty-two week high of $8.80. The firm’s 50 day moving average is $8.42 and its 200-day moving average is $8.13.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.0657 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date of this dividend is Tuesday, July 23rd.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 644.7% during the 4th quarter. International Assets Investment Management LLC now owns 463,783 shares of the financial services provider’s stock valued at $3,580,000 after acquiring an additional 401,507 shares during the last quarter. Scissortail Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the fourth quarter valued at about $187,000. Allspring Global Investments Holdings LLC lifted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 602.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,140,892 shares of the financial services provider’s stock valued at $16,528,000 after buying an additional 1,836,156 shares during the period. Conning Inc. boosted its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2.3% during the fourth quarter. Conning Inc. now owns 111,435 shares of the financial services provider’s stock worth $860,000 after buying an additional 2,454 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth about $144,000.

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.