Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Down 91.9% in December

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 10,525 shares, a drop of 91.9% from the December 15th total of 129,690 shares. Based on an average daily volume of 231,347 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 231,347 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ETY. Centaurus Financial Inc. raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.6% in the third quarter. Centaurus Financial Inc. now owns 42,805 shares of the investment management company’s stock worth $681,000 after purchasing an additional 669 shares during the last quarter. Summit Investment Advisory Services LLC increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% in the 3rd quarter. Summit Investment Advisory Services LLC now owns 48,322 shares of the investment management company’s stock worth $768,000 after buying an additional 728 shares during the period. Fiduciary Alliance LLC lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.3% during the 3rd quarter. Fiduciary Alliance LLC now owns 23,200 shares of the investment management company’s stock valued at $369,000 after acquiring an additional 750 shares during the period. Envestnet Asset Management Inc. lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,572 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 846 shares during the period. Finally, Wealth Alliance LLC boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.7% in the 2nd quarter. Wealth Alliance LLC now owns 19,224 shares of the investment management company’s stock valued at $297,000 after acquiring an additional 861 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 0.5%

Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded down $0.08 during mid-day trading on Tuesday, reaching $15.44. 216,993 shares of the company traded hands, compared to its average volume of 230,801. The firm’s fifty day moving average is $15.41 and its two-hundred day moving average is $15.61. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $11.82 and a fifty-two week high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a $0.0992 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

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.