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 growth in short interest in the month of September. As of September 15th, there was short interest totalling 117,200 shares, a growth of 350.8% from the August 31st total of 26,000 shares. Based on an average daily trading volume, of 268,600 shares, the days-to-cover ratio is presently 0.4 days.

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

Several large investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors LLC grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 73.0% during the 1st quarter. Cornerstone Advisors LLC now owns 1,800,219 shares of the investment management company’s stock worth $24,051,000 after acquiring an additional 759,669 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter worth approximately $4,281,000. CoreCap Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the second quarter worth $4,399,000. Karpus Management Inc. purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter valued at about $2,956,000. Finally, Strategic Financial Concepts LLC boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,221.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 257,680 shares of the investment management company’s stock worth $36,000 after purchasing an additional 238,180 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

ETY stock opened at $14.46 on Friday. The business’s 50-day moving average is $13.98 and its two-hundred day moving average is $13.71. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $10.59 and a fifty-two week high of $14.61.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a $0.0992 dividend. 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.