Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Stock Short Interest Drops 68.4%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 49,385 shares, a decrease of 68.4% from the October 15th total of 156,129 shares. Based on an average daily trading volume, of 285,298 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Eaton Vance Tax-Managed Diversified Equity Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of ETY. Matrix Private Capital Group LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter valued at about $11,111,000. RFG Advisory LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.6% during the second quarter. RFG Advisory LLC now owns 642,216 shares of the investment management company’s stock valued at $9,338,000 after acquiring an additional 16,141 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 17.9% during the second quarter. Baird Financial Group Inc. now owns 634,045 shares of the investment management company’s stock valued at $9,219,000 after acquiring an additional 96,284 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% in the third quarter. Pathway Financial Advisers LLC now owns 453,290 shares of the investment management company’s stock valued at $6,369,000 after acquiring an additional 6,871 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 141.8% in the third quarter. Shaker Financial Services LLC now owns 383,715 shares of the investment management company’s stock valued at $5,391,000 after acquiring an additional 225,013 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded down $0.03 during trading on Friday, reaching $13.59. The company had a trading volume of 170,339 shares, compared to its average volume of 277,088. The firm’s 50-day simple moving average is $13.99 and its 200 day simple moving average is $14.40. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $13.12 and a 1-year high of $15.75.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.1094 dividend. This represents a $1.31 annualized dividend and a dividend yield of 9.7%. This is a positive change from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.0992. The ex-dividend date is Monday, November 16th.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley. The fund seeks to provide current income and long-term capital appreciation while managing the tax characteristics of its distributions. ETY invests in a diversified portfolio of equity securities, including dividend-paying common stocks issued by companies in the United States and other countries. Its portfolio may include businesses across multiple industries and geographic regions, giving shareholders exposure to global equity markets through a single investment vehicle.