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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 241,500 shares, an increase of 56.1% from the October 31st total of 154,700 shares. Based on an average daily trading volume, of 240,400 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

A number of institutional investors have recently modified their holdings of ETY. Pathway Financial Advisers LLC increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,435.4% in the third quarter. Pathway Financial Advisers LLC now owns 5,105,368 shares of the investment management company’s stock valued at $74,794,000 after buying an additional 4,772,854 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.9% in the 3rd quarter. Raymond James & Associates now owns 1,527,191 shares of the investment management company’s stock valued at $22,373,000 after acquiring an additional 162,290 shares during the last quarter. Principal Securities Inc. raised its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.9% during the 3rd quarter. Principal Securities Inc. now owns 1,035,884 shares of the investment management company’s stock valued at $15,176,000 after acquiring an additional 29,118 shares in the last quarter. Matrix Private Capital Group LLC lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.1% during the second quarter. Matrix Private Capital Group LLC now owns 637,456 shares of the investment management company’s stock worth $8,956,000 after purchasing an additional 18,966 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the second quarter worth $4,399,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.9 %

Shares of ETY stock traded up $0.13 during mid-day trading on Friday, reaching $15.09. 160,240 shares of the company were exchanged, compared to its average volume of 245,808. The business’s 50 day simple moving average is $14.72 and its 200 day simple moving average is $14.19. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $11.66 and a fifty-two week high of $15.29.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.0992 per share. This is a positive change from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10. This represents a $1.19 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Thursday, November 21st.

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.