Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 430,600 shares, a growth of 77.9% from the December 15th total of 242,000 shares. Based on an average trading volume of 226,100 shares, the short-interest ratio is presently 1.9 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.7 %

NYSE:ETY opened at $14.90 on Wednesday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $12.02 and a 12 month high of $15.35. The firm’s 50 day moving average is $15.03 and its 200 day moving average is $14.50.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0992 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.19 annualized dividend and a dividend yield of 7.99%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Princeton Global Asset Management LLC increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 125.2% in the 3rd quarter. Princeton Global Asset Management LLC now owns 4,983 shares of the investment management company’s stock worth $73,000 after acquiring an additional 2,770 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter worth about $88,000. US Bancorp DE raised its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.7% in the third quarter. US Bancorp DE now owns 8,623 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 689 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter worth approximately $146,000. Finally, Retirement Planning Group LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter valued at about $149,000.

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.