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

Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 64,800 shares, a growth of 65.7% from the October 15th total of 39,100 shares. Based on an average daily trading volume, of 113,900 shares, the days-to-cover ratio is currently 0.6 days.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Price Performance

ETG stock opened at $19.30 on Wednesday. The firm has a 50-day moving average of $19.05 and a 200 day moving average of $18.67. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a 1 year low of $15.37 and a 1 year high of $19.56.

Eaton Vance Tax-Advantaged Global Dividend Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.1293 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Eaton Vance Tax-Advantaged Global Dividend Income Fund’s previous monthly dividend of $0.13.

Institutional Investors Weigh In On Eaton Vance Tax-Advantaged Global Dividend Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETG. Cornerstone Advisors LLC grew its position in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 47.6% in the 1st quarter. Cornerstone Advisors LLC now owns 1,122,602 shares of the company’s stock worth $20,487,000 after buying an additional 362,267 shares during the period. Sanctuary Advisors LLC purchased a new stake in Eaton Vance Tax-Advantaged Global Dividend Income Fund in the second quarter worth about $1,866,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 452.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 46,399 shares of the company’s stock valued at $863,000 after purchasing an additional 37,999 shares during the last quarter. Fairman Group LLC bought a new stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund in the 2nd quarter worth approximately $531,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 158.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 40,575 shares of the company’s stock worth $755,000 after buying an additional 24,862 shares during the last quarter.

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.