Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 11,581 shares, a decrease of 65.7% from the July 15th total of 33,724 shares. Based on an average daily volume of 248,710 shares, the short-interest ratio is currently 0.0 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

ETY traded down $0.21 during trading on Friday, reaching $14.61. The company’s stock had a trading volume of 193,345 shares, compared to its average volume of 261,007. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $13.12 and a 52-week high of $16.03. The company’s fifty day moving average price is $14.45 and its 200-day moving average price is $14.55.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.0992 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 10.3% in the first quarter. Royal Bank of Canada now owns 700,152 shares of the investment management company’s stock worth $9,984,000 after acquiring an additional 65,135 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 15.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 116,546 shares of the investment management company’s stock worth $1,662,000 after purchasing an additional 15,446 shares during the period. Cerity Partners LLC grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 28,792 shares of the investment management company’s stock worth $445,000 after purchasing an additional 7,944 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,643,146 shares of the investment management company’s stock valued at $40,889,000 after purchasing an additional 49,567 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 808,900 shares of the investment management company’s stock valued at $12,514,000 after purchasing an additional 33,787 shares in the last quarter.

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.