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 recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 188,000 shares, an increase of 111.5% from the June 30th total of 88,900 shares. Based on an average daily trading volume, of 470,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 602.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,140,892 shares of the financial services provider’s stock worth $16,528,000 after purchasing an additional 1,836,156 shares in the last quarter. Cornerstone Advisors LLC increased its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 43.8% in the 1st quarter. Cornerstone Advisors LLC now owns 2,714,928 shares of the financial services provider’s stock worth $22,154,000 after acquiring an additional 827,496 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 268.9% in the 4th quarter. 1607 Capital Partners LLC now owns 1,076,042 shares of the financial services provider’s stock worth $8,307,000 after acquiring an additional 784,331 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 644.7% in the 4th quarter. International Assets Investment Management LLC now owns 463,783 shares of the financial services provider’s stock worth $3,580,000 after acquiring an additional 401,507 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2,029.8% in the 1st quarter. Cetera Investment Advisers now owns 226,445 shares of the financial services provider’s stock worth $1,848,000 after acquiring an additional 215,813 shares in the last quarter.

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

Shares of EXG stock remained flat at $8.32 during mid-day trading on Friday. 481,648 shares of the stock were exchanged, compared to its average volume of 503,839. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a 1 year low of $6.78 and a 1 year high of $8.80. The firm’s 50 day simple moving average is $8.42 and its 200-day simple moving average is $8.13.

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

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd 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 9.48%. The ex-dividend date of this dividend is Tuesday, July 23rd.

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.