Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Declines By 91.9%

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

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.2%

NYSE:ETY traded up $0.03 during mid-day trading on Monday, hitting $15.54. The company had a trading volume of 241,569 shares, compared to its average volume of 232,881. The business has a fifty day simple moving average of $15.41 and a 200-day simple moving average of $15.61. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $11.82 and a 1 year high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

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

Institutional Investors 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. David J Yvars Group increased its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.6% during the 4th quarter. David J Yvars Group now owns 43,465 shares of the investment management company’s stock valued at $669,000 after purchasing an additional 3,443 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 43,647 shares of the investment management company’s stock valued at $671,000 after buying an additional 2,285 shares in the last quarter. Procyon Advisors LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the fourth quarter worth about $196,000. JPMorgan Chase & Co. grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 3,949 shares of the investment management company’s stock worth $63,000 after acquiring an additional 962 shares during the period. Finally, PMG Family Office LLC bought a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter worth about $1,671,000.

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.