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

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

Insider Activity

In related news, insider Keith Quinton purchased 10,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $8.48 per share, for a total transaction of $84,800.00. Following the acquisition, the insider now directly owns 10,000 shares in the company, 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 Investors Weigh In On Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth $1,929,000. Elequin Capital LP acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth $136,000. First Heartland Consultants Inc. acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth $105,000. Waverly Advisors LLC acquired a new position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund during the 4th quarter worth $114,000. Finally, Focus Partners Wealth lifted its position in Eaton Vance Tax-Managed Global Diversified Equity Income Fund by 5.5% during the 4th quarter. Focus Partners Wealth now owns 68,154 shares of the financial services provider’s stock worth $583,000 after acquiring an additional 3,535 shares during the last quarter.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund Stock Up 1.3 %

Shares of EXG stock traded up $0.11 on Friday, hitting $8.22. The company’s stock had a trading volume of 658,063 shares, compared to its average volume of 531,443. Eaton Vance Tax-Managed Global Diversified Equity Income Fund has a fifty-two week low of $7.70 and a fifty-two week high of $8.80. The firm’s fifty day moving average price is $8.40 and its 200-day moving average price is $8.42.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0657 dividend. This represents a $0.79 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Friday, March 14th.

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.