Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 20.6% during the 3rd quarter. Global Retirement Partners LLC now owns 24,920 shares of the investment management company’s stock worth $365,000 after acquiring an additional 4,254 shares during the last quarter. Summit Investment Advisory Services LLC bought a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at about $665,000. Creative Planning lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.1% during the 2nd quarter. Creative Planning now owns 29,864 shares of the investment management company’s stock worth $420,000 after buying an additional 1,175 shares in the last quarter. Cetera Investment Advisers grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.6% during the 2nd quarter. Cetera Investment Advisers now owns 152,962 shares of the investment management company’s stock worth $2,149,000 after acquiring an additional 10,870 shares during the last quarter. Finally, Retirement Planning Group LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at about $149,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.3 %

Shares of ETY traded up $0.05 during mid-day trading on Tuesday, reaching $15.04. The company had a trading volume of 138,255 shares, compared to its average volume of 242,114. Eaton Vance Tax-Managed Diversified Equity Income Fund has a twelve month low of $11.81 and a twelve month high of $15.35. The company’s 50-day moving average is $14.95 and its 200-day moving average is $14.43.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0992 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.19 annualized dividend and a yield of 7.91%.

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.