Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Sees Significant Increase in Short Interest

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 154,700 shares, an increase of 8.3% from the October 15th total of 142,800 shares. Based on an average daily volume of 245,300 shares, the short-interest ratio is presently 0.6 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Shaker Financial Services LLC increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 125.4% in the second quarter. Shaker Financial Services LLC now owns 190,304 shares of the investment management company’s stock valued at $2,674,000 after buying an additional 105,880 shares during the period. Harbour Investments Inc. increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 18.3% in the second quarter. Harbour Investments Inc. now owns 19,064 shares of the investment management company’s stock valued at $268,000 after buying an additional 2,948 shares during the period. Atomi Financial Group Inc. increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 15.8% in the second quarter. Atomi Financial Group Inc. now owns 34,390 shares of the investment management company’s stock valued at $483,000 after buying an additional 4,682 shares during the period. Cetera Investment Advisers increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 483.5% in the first quarter. Cetera Investment Advisers now owns 142,092 shares of the investment management company’s stock valued at $1,898,000 after buying an additional 117,741 shares during the period. Finally, Cetera Advisors LLC increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 66.6% in the first quarter. Cetera Advisors LLC now owns 53,609 shares of the investment management company’s stock valued at $716,000 after buying an additional 21,436 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

ETY traded up $0.05 on Monday, reaching $14.88. The stock had a trading volume of 237,767 shares, compared to its average volume of 246,539. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $11.54 and a fifty-two week high of $15.29. The firm has a 50-day moving average of $14.59 and a 200-day moving average of $14.11.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.0992 dividend. This is a boost from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.19 annualized dividend and a dividend yield of 8.00%.

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.