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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a large decline in short interest in 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 daily volume of 267,794 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in ETY. Morgan Stanley boosted its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 0.4% during the 4th quarter. Morgan Stanley now owns 12,987,864 shares of the investment management company’s stock worth $199,234,000 after purchasing an additional 48,151 shares during the period. Raymond James Financial Inc. lifted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.4% in the third quarter. Raymond James Financial Inc. now owns 2,706,796 shares of the investment management company’s stock worth $43,038,000 after purchasing an additional 63,650 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,038,748 shares of the investment management company’s stock valued at $31,274,000 after buying an additional 54,222 shares during the period. LPL Financial LLC boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.2% during the fourth quarter. LPL Financial LLC now owns 1,237,972 shares of the investment management company’s stock valued at $18,990,000 after buying an additional 49,690 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% during the second quarter. Bank of America Corp DE now owns 808,900 shares of the investment management company’s stock valued at $12,514,000 after buying an additional 33,787 shares during the period.

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

Shares of NYSE:ETY traded up $0.04 during trading on Tuesday, reaching $14.53. The company’s stock had a trading volume of 77,403 shares, compared to its average volume of 259,454. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12 month low of $13.12 and a 12 month high of $16.03. The firm’s 50 day simple moving average is $14.64 and its two-hundred day simple moving average is $14.70.

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. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0992 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Wednesday, July 15th.

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.