Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Stock Short Interest Report for September

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 17,360 shares, a decline of 56.0% from the September 15th total of 39,416 shares. Based on an average daily trading volume, of 337,255 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% in the first quarter. Private Advisor Group LLC now owns 239,293 shares of the investment management company’s stock valued at $3,300,000 after buying an additional 3,508 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.4% during the first quarter. Janney Montgomery Scott LLC now owns 382,253 shares of the investment management company’s stock worth $5,271,000 after buying an additional 19,450 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the first quarter valued at approximately $149,000. Corient Private Wealth LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 12.4% in the fourth quarter. Corient Private Wealth LLC now owns 32,974 shares of the investment management company’s stock valued at $506,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.8% in the first quarter. Pathway Financial Advisers LLC now owns 440,229 shares of the investment management company’s stock valued at $6,071,000 after acquiring an additional 24,055 shares during the last quarter.

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

Shares of ETY traded down $0.05 during mid-day trading on Tuesday, hitting $14.26. The company’s stock had a trading volume of 190,729 shares, compared to its average volume of 273,884. The stock’s 50-day moving average is $14.34 and its two-hundred day moving average is $14.42. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $13.12 and a one year high of $15.90.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0992 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.4%.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) is a closed-end investment company that seeks to provide current income and gains while managing the tax characteristics of its distributions. The fund invests primarily in a diversified portfolio of common stocks issued by companies in the United States and other countries.

To support its income-oriented strategy, ETY may write covered call options on selected portfolio holdings. This approach can generate option premiums while providing additional portfolio income, although it may limit some of the potential upside from the underlying stocks.