Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Shares Shorted: Short Interest Down 56.0% in September

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 17,360 shares, a decline of 56.0% from the September 15th total of 39,416 shares. Based on an average trading volume of 337,255 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 239,293 shares of the investment management company’s stock worth $3,300,000 after buying an additional 3,508 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings 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 buying an additional 24,055 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 382,253 shares of the investment management company’s stock valued at $5,271,000 after acquiring an additional 19,450 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 1st quarter valued at about $149,000. Finally, RFG Advisory LLC increased its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.1% during the 1st quarter. RFG Advisory LLC now owns 626,075 shares of the investment management company’s stock valued at $8,634,000 after acquiring an additional 12,689 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 1.5%

Shares of Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded down $0.21 during trading hours on Wednesday, reaching $14.06. 268,650 shares of the company’s stock were exchanged, compared to its average volume of 273,858. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52-week low of $13.12 and a 52-week high of $15.90. The company has a fifty day moving average of $14.32 and a 200-day moving average of $14.43.

Eaton Vance Tax-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $0.0992 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.5%.

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.