Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Rises By 79.0%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 72,053 shares, an increase of 79.0% from the April 30th total of 40,254 shares. Based on an average trading volume of 276,105 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of hedge funds have recently bought and sold shares of ETY. Matrix Private Capital Group LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 1st quarter worth approximately $11,111,000. Shaker Financial Services LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth $3,209,000. PMG Family Office LLC purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at $1,671,000. Readystate Asset Management LP increased its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 174.6% in the first quarter. Readystate Asset Management LP now owns 137,917 shares of the investment management company’s stock valued at $1,902,000 after purchasing an additional 87,701 shares during the last quarter. Finally, S Harris Financial Group LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at $1,278,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Down 1.0%

ETY opened at $14.84 on Tuesday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $13.12 and a 52 week high of $16.03. The business’s fifty day simple moving average is $14.45 and its 200 day simple moving average is $14.89.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0992 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.