Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Down 33.5% in August

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 27,489 shares, a drop of 33.5% from the August 15th total of 41,336 shares. Based on an average trading volume of 228,401 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vermillion Wealth Management Inc. increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% in the 4th 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 during the last quarter. Cvfg LLC boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.7% in the first quarter. Cvfg LLC now owns 13,242 shares of the investment management company’s stock worth $183,000 after purchasing an additional 1,385 shares during the period. Harbour Investments Inc. boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.8% in the fourth quarter. Harbour Investments Inc. now owns 23,388 shares of the investment management company’s stock worth $359,000 after purchasing an additional 1,696 shares during the period. PNC Financial Services Group Inc. increased its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.8% during the first quarter. PNC Financial Services Group Inc. now owns 45,549 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 31.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,113 shares of the investment management company’s stock worth $205,000 after purchasing an additional 3,410 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund stock opened at $14.02 on Friday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $13.12 and a 1 year high of $16.01. The firm’s 50-day simple moving average is $14.39 and its 200-day simple moving average is $14.43.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0992 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.