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

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

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

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

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

NYSE:EXG traded down $0.04 during mid-day trading on Tuesday, hitting $8.44. 215,332 shares of the stock were exchanged, compared to its average volume of 509,201. The firm’s 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.26. 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.

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

The company also recently announced 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 9.34%. The ex-dividend date is Friday, September 20th.

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.