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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 72,053 shares, a growth of 79.0% from the April 30th total of 40,254 shares. Based on an average daily volume of 276,105 shares, the short-interest ratio is presently 0.3 days.

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

Large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in shares of 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. MML Investors Services LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.4% during the 4th quarter. MML Investors Services LLC now owns 29,856 shares of the investment management company’s stock valued at $458,000 after buying an additional 689 shares during the period. CWM LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% during the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock valued at $27,000 after buying an additional 699 shares during the period. Summit Investment Advisory Services LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% during the 3rd quarter. Summit Investment Advisory Services LLC now owns 48,322 shares of the investment management company’s stock valued at $768,000 after buying an additional 728 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,200 shares of the investment management company’s stock valued at $1,552,000 after buying an additional 881 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Eaton Vance Tax-Managed Diversified Equity Income Fund stock opened at $14.74 on Thursday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $13.12 and a fifty-two week high of $16.03. The stock’s fifty day moving average is $14.49 and its two-hundred day moving average is $14.87.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0992 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

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.