Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Shares Shorted: Short Interest Down 56.0% in September

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 17,360 shares, a drop of 56.0% from the September 15th total of 39,416 shares. Based on an average daily volume of 337,255 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 0.2%

Shares of NYSE:ETY traded down $0.03 during trading on Thursday, reaching $14.03. 255,495 shares of the stock were exchanged, compared to its average volume of 273,765. The stock has a 50-day moving average price of $14.31 and a 200-day moving average price of $14.43. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $13.12 and a 12 month high of $15.90.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0992 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.19 annualized dividend and a yield of 8.5%.

Institutional Trading of Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently modified their holdings of ETY. Cvfg LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.7% during the first quarter. Cvfg LLC now owns 13,242 shares of the investment management company’s stock valued at $183,000 after buying an additional 1,385 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,549 shares of the investment management company’s stock valued at $628,000 after acquiring an additional 2,103 shares during the period. Eastern Bank grew its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 118.8% during the 3rd quarter. Eastern Bank now owns 5,129 shares of the investment management company’s stock worth $72,000 after buying an additional 2,785 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 31.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,113 shares of the investment management company’s stock valued at $205,000 after buying an additional 3,410 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% during the 1st quarter. Private Advisor Group LLC now owns 239,293 shares of the investment management company’s stock worth $3,300,000 after purchasing an additional 3,508 shares during the last quarter.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) is a closed-end investment company that seeks to provide current income and gains while managing the tax characteristics of its distributions. The fund invests primarily in a diversified portfolio of common stocks issued by companies in the United States and other countries.

To support its income-oriented strategy, ETY may write covered call options on selected portfolio holdings. This approach can generate option premiums while providing additional portfolio income, although it may limit some of the potential upside from the underlying stocks.