Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Drops By 46.5%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 7,986 shares, a decrease of 46.5% from the January 15th total of 14,935 shares. Based on an average trading volume of 204,182 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 204,182 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

A number of large investors have recently added to or reduced their stakes in ETY. CWM LLC lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% in the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock worth $27,000 after purchasing an additional 699 shares in the last quarter. Vermillion Wealth Management Inc. lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,805 shares of the investment management company’s stock worth $28,000 after buying an additional 909 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth approximately $31,000. Elevation Point Wealth Partners LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter worth $36,000. Finally, Assetmark Inc. grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 68.3% in the 2nd quarter. Assetmark Inc. now owns 3,325 shares of the investment management company’s stock valued at $51,000 after buying an additional 1,349 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of ETY stock traded up $0.09 on Friday, hitting $14.94. The company had a trading volume of 320,836 shares, compared to its average volume of 237,448. Eaton Vance Tax-Managed Diversified Equity Income Fund has a twelve month low of $11.82 and a twelve month high of $16.03. The company has a 50-day moving average price of $15.24 and a 200-day moving average price of $15.53.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a $0.0992 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.