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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 242,000 shares, a growth of 23.3% from the November 30th total of 196,300 shares. Based on an average daily volume of 226,800 shares, the days-to-cover ratio is currently 1.1 days.

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

Large investors have recently modified their holdings of the business. Pathway Financial Advisers LLC grew its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,435.4% during 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 purchasing an additional 4,772,854 shares during the last quarter. Raymond James & Associates raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.9% during 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 in the last quarter. Principal Securities Inc. increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.9% during the third quarter. Principal Securities Inc. now owns 1,035,884 shares of the investment management company’s stock valued at $15,176,000 after purchasing an additional 29,118 shares during the period. Matrix Private Capital Group LLC lifted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.1% in 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 period. Finally, CoreCap Advisors LLC bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 2nd quarter valued at about $4,399,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of NYSE ETY remained flat at $14.99 during midday trading on Tuesday. 223,937 shares of the stock were exchanged, compared to its average volume of 242,459. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $11.81 and a 1-year high of $15.35. The stock’s 50-day simple moving average is $14.95 and its 200 day simple moving average is $14.43.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.0992 dividend. This represents a $1.19 annualized dividend and a dividend yield of 7.94%. The ex-dividend date is Monday, December 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.