Short Interest in Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Increases By 79.0%

by · The Cerbat Gem

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 72,053 shares, a growth of 79.0% from the April 30th total of 40,254 shares. Based on an average daily trading volume, of 276,105 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Down 1.0%

Shares of ETY stock opened at $14.84 on Tuesday. The company’s fifty day simple moving average is $14.45 and its two-hundred day simple moving average is $14.89. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $13.12 and a 52 week high of $16.03.

Eaton Vance Tax-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0992 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETY. Compound Planning Inc. grew its stake in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.9% in the 3rd quarter. Compound Planning Inc. now owns 80,516 shares of the investment management company’s stock valued at $1,280,000 after acquiring an additional 3,009 shares during the last quarter. Wealth Alliance LLC grew its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 5.8% in the third quarter. Wealth Alliance LLC now owns 20,330 shares of the investment management company’s stock valued at $323,000 after purchasing an additional 1,106 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter valued at approximately $82,000. WealthCare Investment Partners LLC purchased a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth approximately $159,000. Finally, Fifth Third Bancorp acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the 3rd quarter worth approximately $66,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

(Get Free Report)

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.

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