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) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 241,500 shares, a growth of 56.1% from the October 31st total of 154,700 shares. Based on an average daily trading volume, of 240,400 shares, the short-interest ratio is presently 1.0 days.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Eaton Vance Tax-Managed Diversified Equity Income Fund stock traded up $0.17 during mid-day trading on Friday, hitting $15.13. 175,165 shares of the company’s stock were exchanged, compared to its average volume of 245,883. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $11.66 and a fifty-two week high of $15.29. The company’s 50 day simple moving average is $14.73 and its 200-day simple moving average is $14.21.

Eaton Vance Tax-Managed Diversified Equity Income Fund Increases Dividend

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 1,435.4% during the third quarter. Pathway Financial Advisers LLC now owns 5,105,368 shares of the investment management company’s stock worth $74,794,000 after buying an additional 4,772,854 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 11.9% during the third quarter. Raymond James & Associates now owns 1,527,191 shares of the investment management company’s stock valued at $22,373,000 after purchasing an additional 162,290 shares during the period. Principal Securities Inc. raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 2.9% in the 3rd quarter. Principal Securities Inc. now owns 1,035,884 shares of the investment management company’s stock worth $15,176,000 after acquiring an additional 29,118 shares during the last quarter. Matrix Private Capital Group LLC raised its holdings in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 3.1% in the 2nd quarter. Matrix Private Capital Group LLC now owns 637,456 shares of the investment management company’s stock worth $8,956,000 after acquiring an additional 18,966 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the 2nd quarter worth about $4,399,000.

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.