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) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 33,724 shares, a growth of 125.8% from the June 30th total of 14,937 shares. Based on an average daily trading volume, of 248,149 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Matrix Private Capital Group LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter worth $11,111,000. Shaker Financial Services LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter valued at about $3,209,000. Readystate Asset Management LP boosted its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 174.6% in the 1st quarter. Readystate Asset Management LP now owns 137,917 shares of the investment management company’s stock worth $1,902,000 after buying an additional 87,701 shares during the last quarter. S Harris Financial Group LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the 4th quarter worth about $1,278,000. Finally, Jane Street Group LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 4th quarter worth approximately $1,167,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.8%

NYSE ETY traded up $0.11 during trading on Tuesday, reaching $14.27. 68,649 shares of the company’s stock traded hands, compared to its average volume of 256,271. The company’s 50 day simple moving average is $14.52 and its two-hundred day simple moving average is $14.63. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $13.12 and a 12-month high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.0992 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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.