Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Grows By 77.9%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 430,600 shares, an increase of 77.9% from the December 15th total of 242,000 shares. Based on an average trading volume of 226,100 shares, the days-to-cover ratio is presently 1.9 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of NYSE ETY opened at $15.04 on Friday. The firm has a fifty day moving average of $15.04 and a 200 day moving average of $14.51. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $12.02 and a one year high of $15.35.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0992 dividend. This represents a $1.19 annualized dividend and a yield of 7.91%. The ex-dividend date is Wednesday, January 15th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 125.2% during the 3rd quarter. Princeton Global Asset Management LLC now owns 4,983 shares of the investment management company’s stock worth $73,000 after purchasing an additional 2,770 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth $88,000. US Bancorp DE boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.7% during the 3rd quarter. US Bancorp DE now owns 8,623 shares of the investment management company’s stock worth $126,000 after purchasing an additional 689 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth $146,000. Finally, Retirement Planning Group LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth $149,000.

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.