Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Up 125.8% in July

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 33,724 shares, an increase of 125.8% from the June 30th total of 14,937 shares. Based on an average trading volume of 248,149 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG raised its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.3% in the 4th quarter. UBS Group AG now owns 539,870 shares of the investment management company’s stock valued at $8,282,000 after buying an additional 7,048 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 416,174 shares of the investment management company’s stock worth $6,384,000 after acquiring an additional 8,011 shares during the period. CWM LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% during the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock worth $27,000 after acquiring an additional 699 shares in the last quarter. Summit Investment Advisory Services LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.6% during the 4th quarter. Summit Investment Advisory Services LLC now owns 49,073 shares of the investment management company’s stock worth $753,000 after acquiring an additional 751 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 24.7% in the fourth quarter. Benjamin Edwards Inc. now owns 28,353 shares of the investment management company’s stock valued at $435,000 after acquiring an additional 5,623 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of NYSE:ETY traded down $0.15 during trading on Wednesday, reaching $14.04. 302,455 shares of the company traded hands, compared to its average volume of 258,288. The company’s 50 day moving average is $14.50 and its two-hundred day moving average is $14.61. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $13.12 and a 52 week high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.0992 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

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.