Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Rises By 256.9%

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 41,336 shares, an increase of 256.9% from the July 30th total of 11,581 shares. Based on an average daily volume of 295,214 shares, the short-interest ratio is currently 0.1 days.

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

Shares of ETY stock opened at $14.42 on Thursday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a one year low of $13.12 and a one year high of $16.03. The stock has a fifty day moving average price of $14.44 and a 200 day moving average price of $14.51.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.0992 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Trading of Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors have recently made changes to their positions in ETY. Ameritas Advisory Services LLC increased its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 55.8% in the second quarter. Ameritas Advisory Services LLC now owns 62,297 shares of the investment management company’s stock valued at $906,000 after acquiring an additional 22,313 shares during the period. NWF Advisory Services Inc. lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 12.3% during the second quarter. NWF Advisory Services Inc. now owns 48,150 shares of the investment management company’s stock worth $700,000 after purchasing an additional 5,279 shares during the period. Manchester Financial Inc. acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter valued at approximately $151,000. Allied Private Wealth LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter valued at approximately $464,000. Finally, David J Yvars Group grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 28.6% in the 2nd quarter. David J Yvars Group now owns 62,104 shares of the investment management company’s stock valued at $899,000 after purchasing an additional 13,813 shares during the period.

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.