Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Declines By 46.5%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 7,986 shares, a drop of 46.5% from the January 15th total of 14,935 shares. Based on an average daily volume of 204,182 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 204,182 shares, the days-to-cover ratio is presently 0.0 days.

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

Shares of ETY stock traded up $0.09 during mid-day trading on Friday, reaching $14.94. The company’s stock had a trading volume of 320,836 shares, compared to its average volume of 237,448. The firm’s 50-day moving average is $15.24 and its two-hundred day moving average is $15.54. 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 firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.0992 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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

Several large investors have recently modified their holdings of the stock. Flaharty Asset Management LLC grew its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.2% during the second quarter. Flaharty Asset Management LLC now owns 34,107 shares of the investment management company’s stock worth $528,000 after buying an additional 1,360 shares during the last quarter. Wealth Alliance LLC boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.7% in the 2nd quarter. Wealth Alliance LLC now owns 19,224 shares of the investment management company’s stock worth $297,000 after acquiring an additional 861 shares in the last quarter. Cvfg LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 15.1% during the 2nd quarter. Cvfg LLC now owns 12,944 shares of the investment management company’s stock worth $200,000 after acquiring an additional 1,698 shares during the last quarter. Cypress Capital Management LLC WY increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 141.3% during the 2nd quarter. Cypress Capital Management LLC WY now owns 280,492 shares of the investment management company’s stock valued at $4,339,000 after purchasing an additional 164,262 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 8.4% in the 1st quarter. Summit Investment Advisors Inc. now owns 32,387 shares of the investment management company’s stock valued at $462,000 after purchasing an additional 2,520 shares during the last quarter.

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.