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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 23,580 shares, a growth of 308.2% from the February 26th total of 5,777 shares. Based on an average daily trading volume, of 229,459 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 2.4%

ETY stock opened at $13.46 on Friday. The firm has a 50 day moving average of $14.74 and a 200-day moving average of $15.28. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $11.82 and a 12-month high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.0992 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a yield of 8.8%.

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

A number of institutional investors have recently bought and sold shares of ETY. Wealth Effects LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.2% in the 3rd quarter. Wealth Effects LLC now owns 46,080 shares of the investment management company’s stock worth $733,000 after buying an additional 2,268 shares in the last quarter. City Holding Co. acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at about $95,000. World Investment Advisors purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter valued at about $2,239,000. Newbridge Financial Services Group Inc. purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 2nd quarter valued at about $614,000. Finally, Pathway Financial Advisers LLC raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.6% during the second quarter. Pathway Financial Advisers LLC now owns 385,599 shares of the investment management company’s stock worth $5,965,000 after acquiring an additional 13,226 shares during the last quarter.

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.