Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Down 38.6% in April

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 290,100 shares, a decline of 38.6% from the March 31st total of 472,700 shares. Based on an average daily volume of 266,300 shares, the days-to-cover ratio is currently 1.1 days.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.0% in the second quarter. Morgan Stanley now owns 12,421,861 shares of the investment management company’s stock worth $174,776,000 after purchasing an additional 482,892 shares during the last quarter. Raymond James & Associates raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.4% in the fourth quarter. Raymond James & Associates now owns 1,431,806 shares of the investment management company’s stock worth $21,549,000 after purchasing an additional 5,349 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,031,176 shares of the investment management company’s stock worth $15,519,000 after purchasing an additional 79,797 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 6.6% in the third quarter. Guggenheim Capital LLC now owns 933,119 shares of the investment management company’s stock worth $13,017,000 after purchasing an additional 58,126 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.4% in the third quarter. UBS Group AG now owns 751,844 shares of the investment management company’s stock worth $10,488,000 after purchasing an additional 17,616 shares during the last quarter.

ETY stock opened at $12.66 on Friday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $12.51 and a 1-year high of $15.06. The business has a fifty day moving average price of $13.56 and a 200-day moving average price of $14.17.

The firm also recently declared a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Friday, April 22nd were paid a $0.093 dividend. This represents a $1.12 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend was Thursday, April 21st.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile (Get Rating)

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.

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