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 increase in short interest in September. As of September 30th, there was short interest totalling 137,500 shares, an increase of 17.3% from the September 15th total of 117,200 shares. Based on an average daily volume of 275,400 shares, the days-to-cover ratio is presently 0.5 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

NYSE:ETY traded down $0.04 during trading hours on Wednesday, hitting $14.70. The company’s stock 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 has a fifty day simple moving average of $14.22 and a 200-day simple moving average of $13.84.

Eaton Vance Tax-Managed Diversified Equity Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be paid a $0.099 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.08%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors LLC boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 73.0% in the first quarter. Cornerstone Advisors LLC now owns 1,800,219 shares of the investment management company’s stock valued at $24,051,000 after buying an additional 759,669 shares in the last quarter. RFG Advisory LLC boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.3% during the 1st quarter. RFG Advisory LLC now owns 1,257,307 shares of the investment management company’s stock valued at $16,798,000 after acquiring an additional 3,621 shares in the last quarter. Matrix Private Capital Group LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.1% during the 2nd quarter. Matrix Private Capital Group LLC now owns 637,456 shares of the investment management company’s stock worth $8,956,000 after acquiring an additional 18,966 shares during the last quarter. Heron Bay Capital Management grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.4% during the 1st quarter. Heron Bay Capital Management now owns 371,601 shares of the investment management company’s stock worth $4,965,000 after acquiring an additional 1,595 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.8% in the 2nd quarter. Pathway Financial Advisers LLC now owns 332,514 shares of the investment management company’s stock worth $4,670,000 after purchasing an additional 12,118 shares in the last quarter.

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.