Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 242,000 shares, a growth of 23.3% from the November 30th total of 196,300 shares. Based on an average trading volume of 226,800 shares, the short-interest ratio is presently 1.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of ETY remained flat at $14.99 on Tuesday. The stock had a trading volume of 223,937 shares, compared to its average volume of 242,459. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $11.81 and a 1-year high of $15.35. The stock’s 50 day moving average is $14.95 and its 200-day moving average is $14.43.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0992 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date of this dividend is Monday, December 23rd.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETY. Strategic Financial Concepts LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,221.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 257,680 shares of the investment management company’s stock worth $36,000 after acquiring an additional 238,180 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 125.2% in the 3rd quarter. Princeton Global Asset Management LLC now owns 4,983 shares of the investment management company’s stock worth $73,000 after purchasing an additional 2,770 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at $88,000. US Bancorp DE boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.7% in the 3rd quarter. US Bancorp DE now owns 8,623 shares of the investment management company’s stock valued at $126,000 after buying an additional 689 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at $146,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies.