Short Interest in Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Increases By 60.5%

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 180,700 shares, a growth of 60.5% from the February 13th total of 112,600 shares. Based on an average daily trading volume, of 605,000 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity at Eaton Vance Tax-Managed Global Diversified Equity Income Fund

In other Eaton Vance Tax-Managed Global Diversified Equity Income Fund news, insider Keith Quinton acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of $8.48 per share, with a total value of $84,800.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $84,800. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the fourth quarter worth approximately $1,929,000. Elequin Capital LP bought a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the fourth quarter worth approximately $136,000. First Heartland Consultants Inc. bought a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the fourth quarter worth approximately $105,000. Waverly Advisors LLC bought a new position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund in the fourth quarter worth approximately $114,000. Finally, Focus Partners Wealth lifted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 5.5% in the fourth quarter. Focus Partners Wealth now owns 68,154 shares of the financial services provider’s stock worth $583,000 after buying an additional 3,535 shares in the last quarter.

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

NYSE:EXG opened at $8.25 on Monday. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a one year low of $7.70 and a one year high of $9.50. The company’s 50-day simple moving average is $8.40 and its 200 day simple moving average is $8.42.

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

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0657 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.79 annualized dividend and a dividend yield of 9.56%.

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.