Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Expands By 19.2%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,110,000 shares, a growth of 19.2% from the February 13th total of 931,400 shares. Based on an average daily trading volume, of 255,800 shares, the short-interest ratio is presently 4.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 12,928 shares of the investment management company’s stock worth $193,000 after buying an additional 1,293 shares during the period. CoreCap Advisors LLC grew its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.9% in the fourth quarter. CoreCap Advisors LLC now owns 319,503 shares of the investment management company’s stock valued at $4,777,000 after purchasing an additional 9,040 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.5% in the fourth quarter. Cetera Investment Advisers now owns 174,784 shares of the investment management company’s stock valued at $2,613,000 after purchasing an additional 13,652 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.4% in the fourth quarter. Baird Financial Group Inc. now owns 517,761 shares of the investment management company’s stock valued at $7,741,000 after purchasing an additional 12,192 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.6% during the fourth quarter. Bank of America Corp DE now owns 787,854 shares of the investment management company’s stock worth $11,778,000 after acquiring an additional 55,528 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of NYSE:ETY traded up $0.11 on Wednesday, reaching $14.43. The company’s stock had a trading volume of 158,264 shares, compared to its average volume of 249,025. The stock’s 50-day moving average is $15.11 and its two-hundred day moving average is $14.87. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $12.72 and a 52-week high of $15.69.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0992 per share. The ex-dividend date is Friday, March 14th. This represents a $1.19 annualized dividend and a yield of 8.25%.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

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.