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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 241,500 shares, an increase of 56.1% from the October 31st total of 154,700 shares. Based on an average daily trading volume, of 240,400 shares, the days-to-cover ratio is currently 1.0 days.

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

Several hedge funds have recently modified their holdings of the business. Princeton Global Asset Management LLC grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 125.2% during the third 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 period. Ashton Thomas Securities LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth $88,000. US Bancorp DE increased its holdings in shares of 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 valued at $126,000 after purchasing an additional 689 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at about $146,000. Finally, Retirement Planning Group LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at about $149,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.9 %

Shares of ETY stock traded up $0.13 during mid-day trading on Friday, hitting $15.09. The stock had a trading volume of 160,240 shares, compared to its average volume of 245,808. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $11.66 and a fifty-two week high of $15.29. The company’s 50-day simple moving average is $14.72 and its 200-day simple moving average is $14.19.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.0992 per share. This is a boost from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.19 annualized dividend and a yield of 7.89%.

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.