Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Up 19.2% in February

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant 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 days-to-cover ratio is presently 4.3 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Curio Wealth LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $28,000. CoreFirst Bank & Trust purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth $54,000. JPMorgan Chase & Co. lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 69.3% in the fourth 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 period. Millstone Evans Group LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth $95,000. Finally, South Plains Financial Inc. purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter worth $107,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded up $0.01 on Thursday, hitting $14.42. The company had a trading volume of 53,347 shares, compared to its average volume of 248,324. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $12.72 and a 1 year high of $15.69. The stock has a 50 day moving average of $15.09 and a 200-day moving average of $14.87.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0992 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date is Friday, March 14th.

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.