Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Sees Large Decrease in Short Interest

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG – Get Rating) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 114,200 shares, a decline of 23.3% from the March 31st total of 148,900 shares. Based on an average daily volume of 760,600 shares, the short-interest ratio is currently 0.2 days.

Shares of NYSE EXG opened at $8.91 on Monday. The stock has a 50 day moving average price of $9.33 and a 200 day moving average price of $9.94. 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 firm also recently disclosed a monthly dividend, which was paid on Friday, April 29th. Investors of record on Friday, April 22nd were paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend was Thursday, April 21st.

A number of large investors have recently modified their holdings of EXG. Raymond James & Associates increased its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.3% during the third quarter. Raymond James & Associates now owns 1,241,637 shares of the financial services provider’s stock worth $12,404,000 after purchasing an additional 4,095 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 1.4% in the third 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. Advisor Group Holdings Inc. boosted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 0.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 620,773 shares of the financial services provider’s stock worth $6,206,000 after acquiring an additional 2,091 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 17.1% during the 3rd quarter. Truist Financial Corp now owns 159,435 shares of the financial services provider’s stock worth $1,593,000 after acquiring an additional 23,258 shares in the last quarter. Finally, PFG Advisors purchased a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 3rd quarter worth about $104,000.

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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