Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Rises By 256.9%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 41,336 shares, an increase of 256.9% from the July 30th total of 11,581 shares. Based on an average daily volume of 295,214 shares, the days-to-cover ratio is presently 0.1 days.

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

Several large investors have recently bought and sold shares of the stock. CWM LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% in the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock worth $27,000 after purchasing an additional 699 shares during the last quarter. Vermillion Wealth Management Inc. raised its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,805 shares of the investment management company’s stock valued at $28,000 after buying an additional 909 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at about $39,000. JPMorgan Chase & Co. grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock worth $63,000 after buying an additional 962 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter worth about $69,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.2%

Shares of NYSE ETY opened at $14.42 on Thursday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $13.12 and a 12 month high of $16.03. The business’s 50 day moving average is $14.44 and its two-hundred day moving average is $14.51.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.0992 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 8.3%.

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.