Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Increases By 17.3%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 137,500 shares, a growth of 17.3% from the September 15th total of 117,200 shares. Based on an average daily volume of 275,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CNB Bank bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter valued at $61,000. Redmont Wealth Advisors LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter valued at $119,000. Beacon Investment Advisory Services Inc. bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter valued at $134,000. Retirement Planning Group LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth about $149,000. Finally, Uncommon Cents Investing LLC bought a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter worth about $139,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 0.2 %

Shares of ETY stock traded down $0.04 on Wednesday, hitting $14.70. The company had a trading volume of 357,586 shares, compared to its average volume of 248,881. Eaton Vance Tax-Managed Diversified Equity Income Fund has a twelve month low of $10.59 and a twelve month high of $14.92. The stock’s 50-day moving average is $14.22 and its two-hundred day moving average is $13.84.

Eaton Vance Tax-Managed Diversified Equity Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.099 per share. This represents a $1.19 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend is Wednesday, October 23rd.

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.