Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 14,935 shares, an increase of 41.9% from the December 31st total of 10,525 shares. Based on an average daily trading volume, of 251,914 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 251,914 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.6% during the 3rd quarter. Centaurus Financial Inc. now owns 42,805 shares of the investment management company’s stock valued at $681,000 after buying an additional 669 shares during the period. CWM LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% during the fourth quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 699 shares during the last quarter. Summit Investment Advisory Services LLC boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% during the third quarter. Summit Investment Advisory Services LLC now owns 48,322 shares of the investment management company’s stock worth $768,000 after purchasing an additional 728 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.3% in the third quarter. Fiduciary Alliance LLC now owns 23,200 shares of the investment management company’s stock worth $369,000 after purchasing an additional 750 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 19,572 shares of the investment management company’s stock worth $303,000 after purchasing an additional 846 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Down 0.1%

Shares of ETY traded down $0.02 during trading hours on Monday, hitting $15.26. The company had a trading volume of 215,152 shares, compared to its average volume of 227,383. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $11.82 and a 52-week high of $16.03. The stock’s 50 day moving average price is $15.36 and its 200 day moving average price is $15.58.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were paid a $0.0992 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, January 15th.

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.