Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Declines By 55.2%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 14,937 shares, a decline of 55.2% from the June 15th total of 33,305 shares. Based on an average trading volume of 267,794 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted 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 valued at $27,000 after buying an additional 699 shares during the period. Vermillion Wealth Management Inc. raised its stake 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 acquiring an additional 909 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter valued at approximately $31,000. Arax Advisory Partners purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $39,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 962 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded up $0.04 during mid-day trading on Tuesday, hitting $14.53. The company’s stock had a trading volume of 77,403 shares, compared to its average volume of 259,454. The company has a 50 day moving average of $14.64 and a 200-day moving average of $14.70. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $13.12 and a one year high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.0992 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.