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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 154,700 shares, an increase of 8.3% from the October 15th total of 142,800 shares. Based on an average daily volume of 245,300 shares, the days-to-cover ratio is currently 0.6 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.4 %

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund stock opened at $14.88 on Tuesday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $11.54 and a 12-month high of $15.29. The stock has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.11.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.0992 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10. This represents a $1.19 dividend on an annualized basis and a yield of 8.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ETY. Strategic Financial Concepts LLC grew its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,221.4% in the second quarter. Strategic Financial Concepts LLC now owns 257,680 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 238,180 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 125.2% during the 3rd quarter. Princeton Global Asset Management LLC now owns 4,983 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 2,770 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at approximately $88,000. US Bancorp DE increased its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.7% in the 3rd quarter. US Bancorp DE now owns 8,623 shares of the investment management company’s stock worth $126,000 after buying an additional 689 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter worth approximately $146,000.

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.