Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Short Interest Up 6.6% in June

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 85,000 shares, an increase of 6.6% from the May 31st total of 79,700 shares. Based on an average daily volume of 462,700 shares, the days-to-cover ratio is currently 0.2 days.

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

NYSE EXG opened at $8.48 on Wednesday. The stock’s fifty day moving average is $8.29 and its two-hundred day moving average is $8.03. 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 $8.53.

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

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be given a dividend of $0.0657 per share. This represents a $0.79 annualized dividend and a yield of 9.30%. The ex-dividend date is Tuesday, July 23rd.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC increased its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 103.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 3,350 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,700 shares during the last quarter. ORG Partners LLC acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the first quarter valued at about $51,000. Stonebridge Capital Advisors LLC purchased a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the third quarter worth about $49,000. PFS Partners LLC purchased a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter worth about $58,000. Finally, Register Financial Advisors LLC acquired a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the 1st quarter worth approximately $67,000.

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.