Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Down 55.2% in June

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 14,937 shares, a decrease of 55.2% from the June 15th total of 33,305 shares. Based on an average trading volume of 267,794 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded down $0.08 during trading hours on Thursday, reaching $14.47. The company had a trading volume of 226,453 shares, compared to its average volume of 259,123. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $13.12 and a 12-month high of $16.03. The company has a 50-day moving average price of $14.62 and a 200 day moving average price of $14.69.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.0992 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.2%.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of ETY. CWM LLC increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% during the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 699 shares during the period. Vermillion Wealth Management Inc. boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,805 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 909 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth about $31,000. Arax Advisory Partners bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter valued at about $39,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 962 shares in the last quarter.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

The Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end management investment company that seeks to provide a high level of after-tax total return. Launched in December 2004, ETY is managed by investment professionals at Eaton Vance—now part of Morgan Stanley Investment Management—and employs a tax-sensitive strategy designed to minimize the distribution of capital gains to shareholders.

ETY invests primarily in a diversified portfolio of dividend-paying equity securities across a broad range of industries.