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

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (NYSE:ETO) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,535 shares, a drop of 51.3% from the July 30th total of 15,480 shares. Based on an average daily trading volume, of 32,170 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ETO. Harbour Investments Inc. purchased a new position in shares of Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the 4th quarter valued at $26,000. Kestra Advisory Services LLC acquired a new stake in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the 4th quarter valued at $37,000. Advisory Services Network LLC acquired a new stake in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the 3rd quarter valued at $39,000. Garton & Associates Financial Advisors LLC purchased a new position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the fourth quarter valued at about $57,000. Finally, Fifth Third Bancorp purchased a new position in Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund in the first quarter valued at about $139,000.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Price Performance

ETO stock traded up $0.17 during trading on Friday, reaching $31.87. 28,386 shares of the stock traded hands, compared to its average volume of 36,714. The business’s 50 day moving average price is $31.01 and its 200-day moving average price is $29.91. Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund has a 52-week low of $25.68 and a 52-week high of $32.35.

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.1733 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.5%.

About Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund

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.