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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 27,489 shares, a decrease of 33.5% from the August 15th total of 41,336 shares. Based on an average daily volume of 228,401 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.6%

Shares of NYSE ETY traded up $0.08 during mid-day trading on Thursday, reaching $13.97. The company had a trading volume of 338,010 shares, compared to its average volume of 264,805. The business’s 50-day simple moving average is $14.41 and its 200 day simple moving average is $14.44. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $13.12 and a one year high of $16.01.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0992 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. RFG Advisory LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.1% during the 1st quarter. RFG Advisory LLC now owns 626,075 shares of the investment management company’s stock worth $8,634,000 after acquiring an additional 12,689 shares in the last quarter. PMG Family Office LLC raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.8% during the first quarter. PMG Family Office LLC now owns 113,812 shares of the investment management company’s stock valued at $1,569,000 after purchasing an additional 8,259 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 302,634 shares of the investment management company’s stock worth $4,642,000 after purchasing an additional 3,620 shares during the last quarter. World Investment Advisors lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 10.9% during the fourth quarter. World Investment Advisors now owns 156,167 shares of the investment management company’s stock worth $2,396,000 after purchasing an additional 15,373 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 12.4% in the 4th quarter. Corient Private Wealth LLC now owns 32,974 shares of the investment management company’s stock valued at $506,000 after purchasing an additional 3,650 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.