Short Interest in Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Expands By 111.5%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the target 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 trading volume of 470,500 shares, the days-to-cover ratio is currently 0.4 days.

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

Shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund stock traded down $0.02 during midday trading on Friday, hitting $8.31. The company’s stock had a trading volume of 481,065 shares, 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 stock has a 50-day simple moving average of $8.42 and a 200-day simple moving average of $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. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.0657 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $0.79 annualized dividend and a yield of 9.49%.

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

A number of large investors have recently made changes to their positions in EXG. Hobbs Group Advisors LLC purchased a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the second quarter valued at approximately $25,000. Harbor Investment Advisory LLC increased its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 103.0% in 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 purchased a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the first quarter worth $51,000. PFS Partners LLC purchased a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter worth $58,000. Finally, Register Financial Advisors LLC acquired a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the first quarter valued at $67,000.

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.