Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Short Interest Up 283.8% in March

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXGGet Rating) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 148,900 shares, an increase of 283.8% from the March 15th total of 38,800 shares. Based on an average trading volume of 809,600 shares, the days-to-cover ratio is currently 0.2 days.

Several large investors have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 1.3% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 79,577 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 1.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 73,199 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 1,000 shares during the last quarter. HighTower Advisors LLC boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 323,881 shares of the financial services provider’s stock worth $3,458,000 after acquiring an additional 1,154 shares in the last quarter. Northern Trust Corp boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 1.1% during the fourth quarter. Northern Trust Corp now owns 115,249 shares of the financial services provider’s stock worth $1,230,000 after acquiring an additional 1,243 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 2.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 67,770 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 1,473 shares in the last quarter.

Shares of NYSE EXG opened at $9.44 on Friday. The firm has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $10.02. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a 52-week low of $8.73 and a 52-week high of $10.81.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Friday, April 22nd will be paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Thursday, April 21st.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Company Profile (Get Rating)

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.

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