Delaware Enhanced Global Dividend and Income Fund (NYSE:DEX) Sees Large Increase in Short Interest

Delaware Enhanced Global Dividend and Income Fund (NYSE:DEX) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 7,200 shares, a growth of 22.0% from the June 15th total of 5,900 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Shares of DEX opened at $10.43 on Thursday. Delaware Enhanced Global Dividend and Income Fund has a fifty-two week low of $8.40 and a fifty-two week high of $11.14. The business has a 50-day simple moving average of $10.51.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 30th. Shareholders of record on Friday, July 23rd will be issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Thursday, July 22nd. This is a boost from Delaware Enhanced Global Dividend and Income Fund’s previous monthly dividend of $0.06.

In related news, major shareholder Saba Capital Management, L.P. sold 14,571 shares of Delaware Enhanced Global Dividend and Income Fund stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $10.47, for a total transaction of $152,558.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of institutional investors and hedge funds have recently made changes to their positions in DEX. Private Advisor Group LLC purchased a new stake in Delaware Enhanced Global Dividend and Income Fund in the first quarter worth about $113,000. Citigroup Inc. increased its holdings in shares of Delaware Enhanced Global Dividend and Income Fund by 10.7% during the first quarter. Citigroup Inc. now owns 15,884 shares of the company’s stock valued at $156,000 after acquiring an additional 1,529 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of Delaware Enhanced Global Dividend and Income Fund by 46.8% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 27,600 shares of the company’s stock valued at $271,000 after acquiring an additional 8,800 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Delaware Enhanced Global Dividend and Income Fund during the first quarter valued at $795,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Delaware Enhanced Global Dividend and Income Fund by 7.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 89,705 shares of the company’s stock valued at $874,000 after acquiring an additional 6,022 shares in the last quarter.

About Delaware Enhanced Global Dividend and Income Fund

Delaware Enhanced Global Dividend and Income Fund is a closed ended balanced mutual fund launched by Delaware Management Holdings, Inc The fund is managed by Delaware Management Business Trust. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.

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