Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Drops By 55.2%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 14,937 shares, a decline of 55.2% from the June 15th total of 33,305 shares. Based on an average trading volume of 267,794 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded up $0.00 during midday trading on Wednesday, hitting $14.56. The company had a trading volume of 200,677 shares, compared to its average volume of 259,706. The company has a fifty day simple moving average of $14.62 and a 200 day simple moving average of $14.69. 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 business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid 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 8.2%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Matrix Private Capital Group LLC purchased a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the 1st quarter valued at about $11,111,000. Shaker Financial Services LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the fourth quarter valued at about $3,209,000. PMG Family Office LLC purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter worth about $1,671,000. Readystate Asset Management LP raised its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 174.6% in the first quarter. Readystate Asset Management LP now owns 137,917 shares of the investment management company’s stock worth $1,902,000 after purchasing an additional 87,701 shares during the last quarter. Finally, S Harris Financial Group LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $1,278,000.

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.