Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Up 41.9% in January

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 14,935 shares, a growth of 41.9% from the December 31st total of 10,525 shares. Based on an average trading volume of 251,914 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 251,914 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ETY. CWM LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% during the fourth quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 699 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $31,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 2nd quarter valued at about $36,000. Assetmark Inc. lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 68.3% during the 2nd quarter. Assetmark Inc. now owns 3,325 shares of the investment management company’s stock worth $51,000 after acquiring an additional 1,349 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock worth $63,000 after acquiring an additional 962 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Eaton Vance Tax-Managed Diversified Equity Income Fund stock opened at $15.26 on Friday. The business has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $15.58. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $11.82 and a 12 month high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a dividend of $0.0992 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Thursday, January 15th.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

The Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end management investment company that seeks to provide a high level of after-tax total return. Launched in December 2004, ETY is managed by investment professionals at Eaton Vance—now part of Morgan Stanley Investment Management—and employs a tax-sensitive strategy designed to minimize the distribution of capital gains to shareholders.

ETY invests primarily in a diversified portfolio of dividend-paying equity securities across a broad range of industries.