Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Decreases By 65.7%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,581 shares, a decline of 65.7% from the July 15th total of 33,724 shares. Based on an average daily volume of 248,710 shares, the days-to-cover ratio is currently 0.0 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 1.4%

NYSE ETY traded down $0.21 during mid-day trading on Friday, hitting $14.61. The company’s stock had a trading volume of 193,355 shares, compared to its average volume of 261,138. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $13.12 and a 52-week high of $16.03. The stock’s fifty day simple moving average is $14.45 and its two-hundred day simple moving average is $14.56.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.0992 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, August 14th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Matrix Private Capital Group LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the first quarter valued at about $11,111,000. Shaker Financial Services LLC purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter valued at about $3,209,000. Readystate Asset Management LP raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 174.6% during the first quarter. Readystate Asset Management LP now owns 137,917 shares of the investment management company’s stock valued at $1,902,000 after purchasing an additional 87,701 shares during the period. S Harris Financial Group LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter valued at about $1,278,000. Finally, Jane Street Group LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth about $1,167,000.

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.