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) saw 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 days-to-cover ratio is presently 1.0 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter worth $427,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 82,484 shares of the investment management company’s stock valued at $1,102,000 after purchasing an additional 6,186 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the first quarter valued at about $198,000. Cetera Investment Advisers boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 483.5% during the first quarter. Cetera Investment Advisers now owns 142,092 shares of the investment management company’s stock worth $1,898,000 after buying an additional 117,741 shares during the period. Finally, Cetera Advisors LLC grew its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 66.6% during the first quarter. Cetera Advisors LLC now owns 53,609 shares of the investment management company’s stock worth $716,000 after buying an additional 21,436 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

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

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

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

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.