Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Drops By 33.5%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETYGet Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 27,489 shares, a decline of 33.5% from the August 15th total of 41,336 shares. Based on an average daily trading volume, of 228,401 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. RFG Advisory LLC grew its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.1% in the first quarter. RFG Advisory LLC now owns 626,075 shares of the investment management company’s stock valued at $8,634,000 after purchasing an additional 12,689 shares in the last quarter. PMG Family Office LLC increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.8% in the 1st quarter. PMG Family Office LLC now owns 113,812 shares of the investment management company’s stock valued at $1,569,000 after purchasing an additional 8,259 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 302,634 shares of the investment management company’s stock worth $4,642,000 after purchasing an additional 3,620 shares in the last quarter. World Investment Advisors grew its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 10.9% in the fourth quarter. World Investment Advisors now owns 156,167 shares of the investment management company’s stock valued at $2,396,000 after purchasing an additional 15,373 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 12.4% during the fourth quarter. Corient Private Wealth LLC now owns 32,974 shares of the investment management company’s stock worth $506,000 after buying an additional 3,650 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.2%

ETY traded up $0.03 on Friday, hitting $13.98. 88,307 shares of the stock were exchanged, compared to its average volume of 263,726. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $13.12 and a 12 month high of $16.01. The business has a 50-day moving average of $14.40 and a two-hundred day moving average of $14.44.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0992 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

(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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