Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Up 56.1% in November

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 241,500 shares, an increase of 56.1% from the October 31st total of 154,700 shares. Based on an average trading volume of 240,400 shares, the days-to-cover ratio is presently 1.0 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of NYSE ETY traded up $0.17 on Friday, hitting $15.13. The company had a trading volume of 175,165 shares, compared to its average volume of 245,883. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $11.66 and a 12-month high of $15.29. The business has a 50 day moving average of $14.73 and a two-hundred day moving average of $14.21.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were given a $0.0992 dividend. This is a boost from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.10. This represents a $1.19 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend was Thursday, November 21st.

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

Several large investors have recently modified their holdings of ETY. Synovus Financial Corp purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter worth $233,000. Strait & Sound Wealth Management LLC raised its holdings in shares of 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 worth $553,000 after acquiring an additional 1,104 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 18.5% during the third quarter. MML Investors Services LLC now owns 21,405 shares of the investment management company’s stock worth $314,000 after acquiring an additional 3,336 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter valued at about $146,000. Finally, Garden State Investment Advisory Services LLC raised its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 4.4% during the third 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.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

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.