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

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 8,692 shares, a decrease of 33.4% from the February 26th total of 13,042 shares. Based on an average daily volume of 33,861 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Stock Performance

Shares of ETO stock traded down $0.39 during trading on Friday, hitting $25.88. 59,493 shares of the company were exchanged, compared to its average volume of 40,037. The business’s 50-day simple moving average is $29.25 and its 200 day simple moving average is $28.77. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund has a twelve month low of $20.05 and a twelve month high of $31.11.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.1733 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 94.7% during the first quarter. Royal Bank of Canada now owns 68,561 shares of the investment management company’s stock worth $1,685,000 after acquiring an additional 33,342 shares in the last quarter. Creative Planning purchased a new position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the second quarter valued at about $658,000. Guggenheim Capital LLC increased its position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 73.7% in the 2nd quarter. Guggenheim Capital LLC now owns 55,562 shares of the investment management company’s stock worth $1,511,000 after purchasing an additional 23,573 shares during the last quarter. Raymond James Financial Inc. increased its position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 3.8% in the 2nd quarter. Raymond James Financial Inc. now owns 77,219 shares of the investment management company’s stock worth $2,100,000 after purchasing an additional 2,860 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 56,780 shares of the investment management company’s stock worth $1,544,000 after purchasing an additional 1,975 shares in the last quarter.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Company Profile

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE: ETO) is a closed-end management investment company listed on the New York Stock Exchange. The fund’s primary objective is to provide high after-tax total return, with a secondary emphasis on high current income. To meet these goals, ETO invests predominantly in dividend-paying equity securities of companies around the world, seeking to balance growth potential with income generation in a tax-efficient manner.

The fund employs a combination of long equity positions and options strategies, including covered call writing, to enhance income and manage portfolio volatility.