Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Up 8.3% in October

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 154,700 shares, a growth of 8.3% from the October 15th total of 142,800 shares. Based on an average daily volume of 245,300 shares, the days-to-cover ratio is presently 0.6 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

ETY stock opened at $14.88 on Tuesday. The firm has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $14.11. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $11.54 and a 52 week high of $15.29.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.0992 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.00%. This is a positive change from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strait & Sound Wealth Management LLC boosted its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.0% during the third quarter. Strait & Sound Wealth Management LLC now owns 37,716 shares of the investment management company’s stock valued at $553,000 after purchasing an additional 1,104 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 18.5% during the 3rd quarter. MML Investors Services LLC now owns 21,405 shares of the investment management company’s stock valued at $314,000 after buying an additional 3,336 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 3rd quarter valued at approximately $146,000. Garden State Investment Advisory Services LLC grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 15,981 shares of the investment management company’s stock valued at $234,000 after buying an additional 675 shares in the last quarter. Finally, L.M. Kohn & Company increased its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 28.3% in the third quarter. L.M. Kohn & Company now owns 14,244 shares of the investment management company’s stock worth $209,000 after buying an additional 3,140 shares during the last quarter.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies.