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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 41,336 shares, a growth 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.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Matrix Private Capital Group LLC bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter valued at approximately $11,111,000. Readystate Asset Management LP increased its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 174.6% during the 1st quarter. Readystate Asset Management LP now owns 137,917 shares of the investment management company’s stock valued at $1,902,000 after purchasing an additional 87,701 shares during the last quarter. S Harris Financial Group LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter valued at $1,278,000. Jane Street Group LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter valued at $1,167,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 287.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 96,389 shares of the investment management company’s stock worth $1,533,000 after buying an additional 71,528 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of NYSE:ETY traded down $0.01 on Friday, reaching $14.55. The company’s stock had a trading volume of 215,997 shares, compared to its average volume of 258,299. The company has a 50-day simple moving average of $14.44 and a 200 day simple moving average of $14.51. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $13.12 and a 52-week high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.0992 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.