Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Expands By 19.2%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant increase in short interest during 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 trading volume, of 255,800 shares, the short-interest ratio is presently 4.3 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

NYSE:ETY traded up $0.11 during midday trading on Wednesday, hitting $14.43. 158,264 shares of the stock were exchanged, compared to its average volume of 249,025. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $12.72 and a one year high of $15.69. The business has a 50-day moving average price of $15.11 and a two-hundred day moving average price of $14.87.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0992 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.19 annualized dividend and a yield of 8.25%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter valued at $36,901,000. Wells Fargo & Company MN raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,871,663 shares of the investment management company’s stock valued at $27,981,000 after purchasing an additional 143,253 shares during the period. Invesco Ltd. raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,751,518 shares of the investment management company’s stock valued at $26,185,000 after purchasing an additional 14,305 shares during the period. Principal Securities Inc. raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.9% during the 4th quarter. Principal Securities Inc. now owns 1,055,303 shares of the investment management company’s stock valued at $15,777,000 after purchasing an additional 19,419 shares during the period. Finally, Bank of America Corp DE raised its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.6% during the 4th quarter. Bank of America Corp DE now owns 787,854 shares of the investment management company’s stock valued at $11,778,000 after purchasing an additional 55,528 shares during the period.

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.