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 significant drop in short interest in July. As of July 31st, there was short interest totaling 11,581 shares, a drop of 65.7% from the July 15th total of 33,724 shares. Based on an average daily trading volume, of 248,710 shares, the short-interest ratio is presently 0.0 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of ETY stock traded down $0.21 during midday trading on Friday, reaching $14.61. 193,345 shares of the company traded hands, compared to its average volume of 261,007. The firm’s 50 day simple moving average is $14.45 and its two-hundred day simple moving average is $14.55. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $13.12 and a 1-year high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.0992 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, August 14th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of ETY. Morgan Stanley grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.4% in the fourth quarter. Morgan Stanley now owns 12,987,864 shares of the investment management company’s stock valued at $199,234,000 after purchasing an additional 48,151 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.4% in the third quarter. Raymond James Financial Inc. now owns 2,706,796 shares of the investment management company’s stock valued at $43,038,000 after buying an additional 63,650 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,038,748 shares of the investment management company’s stock worth $31,274,000 after buying an additional 54,222 shares during the last quarter. LPL Financial LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.2% during the 4th quarter. LPL Financial LLC now owns 1,237,972 shares of the investment management company’s stock worth $18,990,000 after buying an additional 49,690 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 808,900 shares of the investment management company’s stock worth $12,514,000 after buying an additional 33,787 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

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.