Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Decreases By 35.1%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 46,732 shares, a decline of 35.1% from the May 14th total of 72,053 shares. Based on an average daily volume of 210,271 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Procyon Advisors LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter worth $196,000. PMG Family Office LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth $1,671,000. KERR FINANCIAL PLANNING Corp acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth $103,000. Matrix Private Capital Group LLC lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 6.3% during the 3rd quarter. Matrix Private Capital Group LLC now owns 669,525 shares of the investment management company’s stock worth $10,645,000 after acquiring an additional 39,831 shares during the last quarter. Finally, Smith Moore & CO. lifted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% during the 3rd quarter. Smith Moore & CO. now owns 70,629 shares of the investment management company’s stock worth $1,123,000 after acquiring an additional 3,003 shares during the last quarter.

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

Shares of ETY stock traded up $0.05 on Tuesday, hitting $14.58. The company’s stock had a trading volume of 77,584 shares, compared to its average volume of 258,391. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $13.12 and a fifty-two week high of $16.03. The firm’s fifty day moving average price is $14.64 and its 200-day moving average price is $14.84.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0992 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, June 15th.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

The Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end management investment company that seeks to provide a high level of after-tax total return. Launched in December 2004, ETY is managed by investment professionals at Eaton Vance—now part of Morgan Stanley Investment Management—and employs a tax-sensitive strategy designed to minimize the distribution of capital gains to shareholders.

ETY invests primarily in a diversified portfolio of dividend-paying equity securities across a broad range of industries.