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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,110,000 shares, an increase of 19.2% from the February 13th total of 931,400 shares. Based on an average daily volume of 255,800 shares, the short-interest ratio is presently 4.3 days.

Hedge Funds 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 the business. Curio Wealth LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth $28,000. CoreFirst Bank & Trust bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth $54,000. JPMorgan Chase & Co. grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 69.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,154 shares of the investment management company’s stock worth $62,000 after acquiring an additional 1,700 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth $95,000. Finally, South Plains Financial Inc. bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth $107,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of ETY stock traded down $0.12 on Tuesday, hitting $14.33. 174,984 shares of the company’s stock traded hands, compared to its average volume of 249,260. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $12.72 and a one year high of $15.69. The company’s fifty day simple moving average is $15.11 and its 200 day simple moving average is $14.87.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0992 per share. This represents a $1.19 annualized dividend and a dividend yield of 8.31%. The ex-dividend date is Friday, March 14th.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

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.