Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) Short Interest Up 32.9% in March

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (NYSE:EXG) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 356,500 shares, a growth of 32.9% from the March 15th total of 268,300 shares. Based on an average daily volume of 699,700 shares, the short-interest ratio is currently 0.5 days.

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

In other news, insider Keith Quinton bought 10,000 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $8.48 per share, with a total value of $84,800.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at approximately $84,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXG. Raymond James Financial Inc. acquired a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter valued at $18,081,000. Guggenheim Capital LLC lifted its position in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 83.8% in the fourth quarter. Guggenheim Capital LLC now owns 1,120,859 shares of the financial services provider’s stock valued at $9,157,000 after acquiring an additional 511,102 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the fourth quarter valued at $1,929,000. SteelPeak Wealth LLC purchased a new stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth about $1,399,000. Finally, KMG Fiduciary Partners LLC raised its stake in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 117.1% in the 1st quarter. KMG Fiduciary Partners LLC now owns 262,660 shares of the financial services provider’s stock valued at $2,138,000 after purchasing an additional 141,676 shares during the last quarter.

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

Shares of NYSE EXG opened at $7.66 on Monday. The company’s 50-day moving average price is $8.12 and its 200 day moving average price is $8.32. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a 52 week low of $6.74 and a 52 week high of $8.80.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.0657 dividend. This represents a $0.79 annualized dividend and a dividend yield of 10.30%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.