Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 117,200 shares, an increase of 350.8% from the August 31st total of 26,000 shares. Based on an average daily volume of 268,600 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Institutional investors have recently modified their holdings of the company. Avantax Advisory Services Inc. acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth about $125,000. PNC Financial Services Group Inc. lifted its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 19.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 78,912 shares of the investment management company’s stock worth $962,000 after acquiring an additional 12,680 shares during the period. Wells Fargo & Company MN lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,492,901 shares of the investment management company’s stock worth $18,198,000 after purchasing an additional 122,236 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at $127,000. Finally, Commerce Bank boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.7% during the 4th quarter. Commerce Bank now owns 31,576 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 833 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

ETY opened at $14.46 on Friday. The business has a 50 day simple moving average of $13.98 and a 200-day simple moving average of $13.71. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $10.59 and a 12 month high of $14.61.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.0992 per share. This represents a $1.19 dividend on an annualized basis and a yield of 8.23%. The ex-dividend date of this dividend is Friday, September 20th.

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.