Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Drops By 36.8%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 436,200 shares, a drop of 36.8% from the September 30th total of 690,400 shares. Based on an average daily volume of 207,700 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 207,700 shares, the short-interest ratio is currently 2.1 days.

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

Several large investors have recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.9% in the third quarter. Truist Financial Corp now owns 46,618 shares of the investment management company’s stock valued at $741,000 after acquiring an additional 3,417 shares in the last quarter. Summit Investment Advisory Services LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at $736,000. NWF Advisory Services Inc. boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.1% in the third quarter. NWF Advisory Services Inc. now owns 47,766 shares of the investment management company’s stock valued at $759,000 after acquiring an additional 965 shares in the last quarter. Wealth Effects LLC boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.2% in the third quarter. Wealth Effects LLC now owns 46,080 shares of the investment management company’s stock valued at $733,000 after acquiring an additional 2,268 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 16.8% in the third quarter. Retirement Planning Group LLC now owns 11,839 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 1,700 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.2%

NYSE:ETY opened at $15.87 on Tuesday. The firm’s fifty day simple moving average is $15.78 and its 200 day simple moving average is $15.31. Eaton Vance Tax-Managed Diversified Equity Income Fund has a twelve month low of $11.82 and a twelve month high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.0992 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 7.5%.

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.