Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) Sees Significant Decline in Short Interest
by Teresa Graham · The Cerbat GemEaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 4,125 shares, a drop of 77.9% from the March 31st total of 18,689 shares. Based on an average trading volume of 123,728 shares, the short-interest ratio is currently 0.0 days.
Eaton Vance Tax-Advantaged Global Dividend Income Fund Stock Up 0.5%
ETG traded up $0.11 during trading on Friday, hitting $21.69. The company’s stock had a trading volume of 120,140 shares, compared to its average volume of 129,040. Eaton Vance Tax-Advantaged Global Dividend Income Fund has a one year low of $17.84 and a one year high of $23.67. The business’s 50 day simple moving average is $21.54 and its 200-day simple moving average is $22.12.
Eaton Vance Tax-Advantaged Global Dividend Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.1293 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.
Institutional Trading of Eaton Vance Tax-Advantaged Global Dividend Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of ETG. Baird Financial Group Inc. purchased a new stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund in the first quarter worth $186,000. Royal Bank of Canada increased its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 5.0% in the first quarter. Royal Bank of Canada now owns 213,733 shares of the company’s stock worth $3,894,000 after purchasing an additional 10,266 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 23.6% in the first quarter. Jane Street Group LLC now owns 15,798 shares of the company’s stock worth $288,000 after purchasing an additional 3,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund by 664.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,577 shares of the company’s stock worth $159,000 after purchasing an additional 6,586 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in shares of Eaton Vance Tax-Advantaged Global Dividend Income Fund in the second quarter worth $553,000.
Eaton Vance Tax-Advantaged Global Dividend Income Fund Company Profile
The Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE: ETG) is a diversified closed-end management investment company. The fund seeks to provide monthly distributions with the potential for long-term total return, emphasizing high-quality income-producing equity securities from issuers around the world while aiming to enhance after-tax yield for shareholders.
ETG’s portfolio is composed primarily of dividend-paying common stocks, preferred stocks, securities convertible into equity shares, and American Depositary Receipts across developed and emerging markets.