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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 27,489 shares, a drop of 33.5% from the August 15th total of 41,336 shares. Based on an average daily 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 hedge funds and other institutional investors have recently modified their holdings of the company. RFG Advisory LLC boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.1% in the 1st 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 during the period. PMG Family Office LLC increased its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 7.8% during the first quarter. PMG Family Office LLC now owns 113,812 shares of the investment management company’s stock worth $1,569,000 after purchasing an additional 8,259 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 302,634 shares of the investment management company’s stock valued at $4,642,000 after buying an additional 3,620 shares in the last quarter. World Investment Advisors raised its position 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 buying an additional 15,373 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 12.4% in the fourth quarter. Corient Private Wealth LLC now owns 32,974 shares of the investment management company’s stock valued at $506,000 after buying an additional 3,650 shares during the period.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.6%

Shares of NYSE ETY traded up $0.08 during trading hours on Thursday, hitting $13.97. The company had a trading volume of 338,010 shares, compared to its average volume of 264,805. The firm’s 50 day moving average is $14.41 and its 200-day moving average is $14.44. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $13.12 and a 1-year high of $16.01.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

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

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.