Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,525 shares, a drop of 91.9% from the December 15th total of 129,690 shares. Based on an average trading volume of 231,347 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 231,347 shares, the short-interest ratio is presently 0.0 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 2nd quarter worth about $36,000. Assetmark Inc. raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 68.3% in the 2nd quarter. Assetmark Inc. now owns 3,325 shares of the investment management company’s stock worth $51,000 after purchasing an additional 1,349 shares during the period. JPMorgan Chase & Co. lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock worth $63,000 after purchasing an additional 962 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter valued at approximately $66,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter valued at approximately $81,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 0.3%

ETY stock traded down $0.05 during midday trading on Wednesday, reaching $15.44. 255,498 shares of the company traded hands, compared to its average volume of 244,111. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $11.82 and a 52-week high of $16.03. The business has a 50 day moving average of $15.40 and a 200-day moving average of $15.61.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.0992 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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.