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) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 154,700 shares, an increase of 8.3% from the October 15th total of 142,800 shares. Based on an average trading volume of 245,300 shares, the days-to-cover ratio is presently 0.6 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of NYSE:ETY traded up $0.05 during trading on Monday, reaching $14.88. 237,767 shares of the company traded hands, compared to its average volume of 246,539. The company’s 50 day moving average is $14.59 and its two-hundred day moving average is $14.11. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $11.54 and a 52 week high of $15.29.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0992 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.00%. This is an increase from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10. The ex-dividend date is Thursday, November 21st.

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

A number of institutional investors have recently modified their holdings of the stock. Garden State Investment Advisory Services LLC lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 15,981 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 675 shares during the period. US Bancorp DE lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.7% during the 3rd quarter. US Bancorp DE now owns 8,623 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 689 shares during the period. David J Yvars Group lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.9% during the 3rd quarter. David J Yvars Group now owns 38,782 shares of the investment management company’s stock valued at $565,000 after acquiring an additional 707 shares during the period. Wealth Alliance lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.7% during the 2nd quarter. Wealth Alliance now owns 14,197 shares of the investment management company’s stock worth $199,000 after buying an additional 767 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.6% during the 3rd quarter. D.A. Davidson & CO. now owns 15,010 shares of the investment management company’s stock worth $220,000 after buying an additional 1,056 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies.