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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 25,340 shares, a growth of 217.3% from the January 29th total of 7,986 shares. Based on an average trading volume of 256,398 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 256,398 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of ETY stock traded down $0.03 during mid-day trading on Friday, reaching $14.92. The stock had a trading volume of 192,413 shares, compared to its average volume of 230,103. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $11.82 and a one year high of $16.03. The firm’s 50 day simple moving average is $15.16 and its 200 day simple moving average is $15.48.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.0992 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

A number of hedge funds have recently made changes to their positions in the business. Shaker Financial Services LLC bought a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter worth about $3,209,000. Cypress Capital Management LLC WY raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 141.3% in the second quarter. Cypress Capital Management LLC WY now owns 280,492 shares of the investment management company’s stock worth $4,339,000 after purchasing an additional 164,262 shares in the last quarter. World Investment Advisors bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter worth about $2,239,000. PMG Family Office LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter valued at approximately $1,671,000. Finally, Heron Bay Capital Management raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 28.4% in the 2nd quarter. Heron Bay Capital Management now owns 406,483 shares of the investment management company’s stock worth $6,288,000 after buying an additional 89,849 shares in the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

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.