Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Increases By 308.2%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 23,580 shares, a growth of 308.2% from the February 26th total of 5,777 shares. Based on an average trading volume of 229,459 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 229,459 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 0.5%

Eaton Vance Tax-Managed Diversified Equity Income Fund stock opened at $13.63 on Wednesday. The stock has a fifty day moving average price of $14.80 and a two-hundred day moving average price of $15.30. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $11.82 and a 52-week high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.0992 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Shaker Financial Services LLC bought a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth $3,209,000. World Investment Advisors bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at about $2,239,000. PMG Family Office LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at about $1,671,000. S Harris Financial Group LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at about $1,278,000. Finally, Jane Street Group LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at 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.