Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Short Interest Update

As of December 15th, 2024, the Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) saw a notable increase in short interest during the month of December. The number of shares that were short reached a total of 242,000, reflecting a rise of 23.3% compared to the previous total of 196,300 shares reported on November 30th. Given the average daily trading volume of 226,800 shares, the current short-interest ratio stands at approximately 1.1 days.

Recent Stock Performance

In terms of stock price movement, ETY shares experienced a slight increase of 0.3% in mid-day trading on Tuesday, with the shares priced at $15.04. The trading activity saw 138,255 shares traded, which is below the average volume of 242,114 shares. Currently, the 50-day moving average for the stock is $14.95, while the 200-day moving average is $14.43. Over the past year, the stock has seen a low of $11.81 and a high of $15.35.

Dividend Announcement

Eaton Vance Tax-Managed Diversified Equity Income Fund recently announced a monthly dividend that will be distributed on December 31st. Shareholders who were on record as of December 23rd will receive a dividend payment of $0.0992. The ex-dividend date was also marked on December 23rd. This dividend translates to an annualized payout of $1.19, equating to a yield of 7.91%.

Institutional Investor Activity

Recent movements among institutional investors have also been significant in relation to the Eaton Vance Tax-Managed Diversified Equity Income Fund. For instance, Garden State Investment Advisory Services LLC boosted its position in the fund by 4.4% in the third quarter, acquiring an additional 675 shares, which brought its total to 15,981 shares valued at approximately $234,000. Similarly, US Bancorp DE increased its holdings by 8.7%, now owning 8,623 shares worth around $126,000 after adding 689 shares. Other institutional movements include David J Yvars Group, which raised its holdings by 1.9%, and Wealth Alliance, which increased its stake by 5.7%. D.A. Davidson & CO also raised its holdings by 7.6%, acquiring 1,056 additional shares during the same period.

Company Overview

The Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund that is managed by Eaton Vance Management. The fund primarily invests in global public equity markets, focusing on dividend-paying stocks across various sectors.

Eaton, Vance, Equity