Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Sees Large Growth in Short Interest

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

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 0.8 %

Shares of NYSE:ETY traded down $0.12 on Tuesday, hitting $14.33. The company had a trading volume of 174,984 shares, compared to its average volume of 249,260. The firm’s 50-day simple moving average is $15.11 and its two-hundred day simple moving average is $14.87. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $12.72 and a 1 year high of $15.69.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0992 per share. This represents a $1.19 annualized dividend and a yield of 8.31%. The ex-dividend date is Friday, March 14th.

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

Hedge funds have recently bought and sold shares of the business. Curio Wealth LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $28,000. CoreFirst Bank & Trust bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $54,000. JPMorgan Chase & Co. boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 69.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,154 shares of the investment management company’s stock worth $62,000 after acquiring an additional 1,700 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $95,000. Finally, South Plains Financial Inc. bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $107,000.

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.