Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Sees Significant Growth in Short Interest

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 137,500 shares, a growth of 17.3% from the September 15th total of 117,200 shares. Based on an average trading volume of 275,400 shares, the short-interest ratio is presently 0.5 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of ETY traded down $0.04 during midday trading on Wednesday, hitting $14.69. 358,174 shares of the company’s stock traded hands, compared to its average volume of 248,881. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $10.59 and a 1 year high of $14.92. The firm’s fifty day moving average is $14.22 and its 200-day moving average is $13.84.

Eaton Vance Tax-Managed Diversified Equity Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be issued a $0.099 dividend. This represents a $1.19 annualized dividend and a yield of 8.09%. The ex-dividend date is Wednesday, October 23rd.

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

A number of large investors have recently modified their holdings of ETY. Creative Planning raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 16.6% in the third quarter. Creative Planning now owns 34,819 shares of the investment management company’s stock worth $510,000 after buying an additional 4,955 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth about $149,000. Sanctuary Advisors LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 2nd quarter valued at about $1,112,000. Cetera Investment Advisers increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.6% in the second quarter. Cetera Investment Advisers now owns 152,962 shares of the investment management company’s stock valued at $2,149,000 after purchasing an additional 10,870 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.8% in the second quarter. Pathway Financial Advisers LLC now owns 332,514 shares of the investment management company’s stock worth $4,670,000 after purchasing an additional 12,118 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies.