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

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.6% during the 3rd quarter. Centaurus Financial Inc. now owns 42,805 shares of the investment management company’s stock valued at $681,000 after acquiring an additional 669 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.4% during the 4th quarter. MML Investors Services LLC now owns 29,856 shares of the investment management company’s stock valued at $458,000 after buying an additional 689 shares in the last quarter. CWM LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 64.5% during the 4th quarter. CWM LLC now owns 1,783 shares of the investment management company’s stock valued at $27,000 after buying an additional 699 shares in the last quarter. Summit Investment Advisory Services LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.6% during the 4th quarter. Summit Investment Advisory Services LLC now owns 49,073 shares of the investment management company’s stock valued at $753,000 after buying an additional 751 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,200 shares of the investment management company’s stock valued at $1,552,000 after buying an additional 881 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 1.3%

ETY stock opened at $14.44 on Thursday. 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 stock has a fifty day moving average of $14.66 and a 200-day moving average of $14.82.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

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

About Eaton Vance Tax-Managed Diversified Equity Income Fund

(Get Free Report)

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.

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