Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Stock Short Interest Report for October

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 156,129 shares, an increase of 799.4% from the September 30th total of 17,360 shares. Based on an average daily trading volume, of 354,259 shares, the days-to-cover ratio is currently 0.4 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.7%

Shares of NYSE ETY opened at $13.89 on Thursday. The stock has a fifty day moving average price of $14.16 and a 200 day moving average price of $14.49. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1-year low of $13.12 and a 1-year high of $15.90.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.0992 dividend. This represents a $1.19 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Thursday, October 15th.

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

Several institutional investors have recently made changes to their positions in the stock. Matrix Private Capital Group LLC acquired a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the first quarter worth about $11,111,000. RFG Advisory LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.6% during the second quarter. RFG Advisory LLC now owns 642,216 shares of the investment management company’s stock worth $9,338,000 after purchasing an additional 16,141 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 17.9% in the second quarter. Baird Financial Group Inc. now owns 634,045 shares of the investment management company’s stock valued at $9,219,000 after buying an additional 96,284 shares during the period. Pathway Financial Advisers LLC lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.8% in the 1st quarter. Pathway Financial Advisers LLC now owns 440,229 shares of the investment management company’s stock valued at $6,071,000 after acquiring an additional 24,055 shares in the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 141.8% in the third quarter. Shaker Financial Services LLC now owns 383,715 shares of the investment management company’s stock valued at $5,391,000 after acquiring an additional 225,013 shares during the last quarter.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) is a closed-end investment company that seeks to provide current income and gains while managing the tax characteristics of its distributions. The fund invests primarily in a diversified portfolio of common stocks issued by companies in the United States and other countries.

To support its income-oriented strategy, ETY may write covered call options on selected portfolio holdings. This approach can generate option premiums while providing additional portfolio income, although it may limit some of the potential upside from the underlying stocks.