Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Decreases By 35.1%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 46,732 shares, a decrease of 35.1% from the May 14th total of 72,053 shares. Based on an average daily trading volume, of 210,271 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.4%

Shares of ETY traded up $0.05 during trading hours on Tuesday, reaching $14.58. 77,584 shares of the company traded hands, compared to its average volume of 258,391. The stock’s fifty day moving average is $14.64 and its 200 day moving average is $14.84. 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0992 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ETY. Royal Bank of Canada raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 10.3% in the first quarter. Royal Bank of Canada now owns 700,152 shares of the investment management company’s stock worth $9,984,000 after purchasing an additional 65,135 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 15.3% in the first quarter. Goldman Sachs Group Inc. now owns 116,546 shares of the investment management company’s stock worth $1,662,000 after purchasing an additional 15,446 shares in the last quarter. Cerity Partners LLC raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 38.1% in the second quarter. Cerity Partners LLC now owns 28,792 shares of the investment management company’s stock worth $445,000 after purchasing an additional 7,944 shares in the last quarter. Raymond James Financial Inc. raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.9% in the second quarter. Raymond James Financial Inc. now owns 2,643,146 shares of the investment management company’s stock worth $40,889,000 after purchasing an additional 49,567 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% in the second quarter. Bank of America Corp DE now owns 808,900 shares of the investment management company’s stock worth $12,514,000 after purchasing an additional 33,787 shares in the last quarter.

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.