Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Grows By 125.8%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 33,724 shares, an increase of 125.8% from the June 30th total of 14,937 shares. Based on an average daily volume of 248,149 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in ETY. CWM LLC raised its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% in the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock worth $27,000 after acquiring an additional 699 shares during the last quarter. Vermillion Wealth Management Inc. boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,805 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 909 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth $31,000. Arax Advisory Partners purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth $39,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock worth $63,000 after purchasing an additional 962 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

ETY stock traded up $0.18 during trading on Thursday, hitting $14.23. 239,720 shares of the stock traded hands, compared to its average volume of 258,158. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $13.12 and a 1 year high of $16.03. The firm’s 50 day moving average is $14.50 and its two-hundred day moving average is $14.61.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.0992 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Wednesday, July 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.