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 significant increase in short interest in November. As of November 15th, there was short interest totalling 241,500 shares, an increase of 56.1% from the October 31st total of 154,700 shares. Based on an average daily volume of 240,400 shares, the short-interest ratio is presently 1.0 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 1.1 %

NYSE:ETY traded up $0.17 on Friday, hitting $15.13. 175,165 shares of the company’s stock were exchanged, compared to its average volume of 245,883. The firm has a 50-day moving average price of $14.73 and a 200-day moving average price of $14.21. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $11.66 and a 52 week high of $15.29.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a dividend of $0.0992 per share. This represents a $1.19 annualized dividend and a yield of 7.87%. The ex-dividend date was Thursday, November 21st. This is a positive change from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,435.4% in the third quarter. Pathway Financial Advisers LLC now owns 5,105,368 shares of the investment management company’s stock valued at $74,794,000 after acquiring an additional 4,772,854 shares during the last quarter. Raymond James & Associates lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.9% in the 3rd quarter. Raymond James & Associates now owns 1,527,191 shares of the investment management company’s stock valued at $22,373,000 after purchasing an additional 162,290 shares during the last quarter. Principal Securities Inc. grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.9% during the third quarter. Principal Securities Inc. now owns 1,035,884 shares of the investment management company’s stock worth $15,176,000 after purchasing an additional 29,118 shares during the period. Matrix Private Capital Group LLC increased its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.1% during the second quarter. Matrix Private Capital Group LLC now owns 637,456 shares of the investment management company’s stock worth $8,956,000 after buying an additional 18,966 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter worth approximately $4,399,000.

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.