Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Sees Significant Growth in Short Interest

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 33,724 shares, a growth of 125.8% from the June 30th total of 14,937 shares. Based on an average daily volume of 248,149 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded up $0.11 during trading hours on Tuesday, reaching $14.27. 68,649 shares of the company’s stock were exchanged, compared to its average volume of 256,271. The business has a fifty day moving average of $14.52 and a two-hundred day moving average of $14.63. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $13.12 and a 1 year high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.0992 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 10.3% during the first quarter. Royal Bank of Canada now owns 700,152 shares of the investment management company’s stock worth $9,984,000 after buying an additional 65,135 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 15.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 116,546 shares of the investment management company’s stock valued at $1,662,000 after acquiring an additional 15,446 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 38.1% in the second quarter. Cerity Partners LLC now owns 28,792 shares of the investment management company’s stock valued at $445,000 after purchasing an additional 7,944 shares during the period. Raymond James Financial Inc. increased its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.9% during the second quarter. Raymond James Financial Inc. now owns 2,643,146 shares of the investment management company’s stock worth $40,889,000 after purchasing an additional 49,567 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% during the second quarter. Bank of America Corp DE now owns 808,900 shares of the investment management company’s stock worth $12,514,000 after purchasing an additional 33,787 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

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.