Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) Sees Significant Drop in Short Interest

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 10,800 shares, a decline of 21.2% from the February 13th total of 13,700 shares. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Stock Performance

Shares of NYSE:ETO traded down $0.14 during mid-day trading on Tuesday, reaching $25.03. The stock had a trading volume of 17,049 shares, compared to its average volume of 26,285. The firm has a 50 day simple moving average of $25.64 and a two-hundred day simple moving average of $25.80. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund has a twelve month low of $23.50 and a twelve month high of $27.00.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1733 per share. The ex-dividend date is Friday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.31%.

Insiders Place Their Bets

In related news, insider Keith Quinton bought 5,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $26.10 per share, with a total value of $130,500.00. Following the completion of the purchase, the insider now owns 6,000 shares of the company’s stock, valued at $156,600. This represents a 500.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Portfolio Manager Derek Digregorio bought 980 shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $25.98 per share, for a total transaction of $25,460.40. Following the acquisition, the portfolio manager now owns 980 shares of the company’s stock, valued at approximately $25,460.40. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund during the fourth quarter worth about $1,866,000. Benjamin Edwards Inc. acquired a new stake in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund during the third quarter worth about $1,390,000. Shaker Financial Services LLC lifted its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 97.6% during the 4th quarter. Shaker Financial Services LLC now owns 42,950 shares of the investment management company’s stock valued at $1,085,000 after purchasing an additional 21,211 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the 4th quarter valued at approximately $313,000. Finally, Advisors Asset Management Inc. increased its stake in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 6.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,830 shares of the investment management company’s stock worth $5,118,000 after purchasing an additional 11,350 shares in the last quarter.

About Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Global Dividend Opportunities 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 the stocks of companies operating across diversified sectors. It primarily invests in dividend paying value stocks of companies.