Eaton Vance Tax Managed Diversified Eq. (ETY) Sees Large Growth in Short Interest

Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 872,476 shares, an increase of 63.9% from the April 30th total of 532,206 shares. Based on an average trading volume of 327,059 shares, the short-interest ratio is presently 2.7 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Granite Springs Asset Management LLC bought a new position in shares of Eaton Vance Tax Managed Diversified Eq. in the 4th quarter worth $157,000. Mutual Advisors LLC bought a new position in shares of Eaton Vance Tax Managed Diversified Eq. in the 4th quarter worth $128,000. EP Wealth Advisors LLC bought a new position in shares of Eaton Vance Tax Managed Diversified Eq. in the 4th quarter worth $244,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Eaton Vance Tax Managed Diversified Eq. by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 417,236 shares of the investment management company’s stock worth $5,086,000 after acquiring an additional 21,596 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of Eaton Vance Tax Managed Diversified Eq. in the 4th quarter worth $185,000.

Eaton Vance Tax Managed Diversified Eq. opened at $12.35 on Friday, according to Marketbeat Ratings. Eaton Vance Tax Managed Diversified Eq. has a 12 month low of $10.17 and a 12 month high of $12.62.

The business also recently declared a monthly dividend, which was paid on Thursday, May 31st. Stockholders of record on Thursday, May 24th were given a $0.0843 dividend. This represents a $1.01 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend was Wednesday, May 23rd.

Eaton Vance Tax Managed Diversified Eq. Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It holds investments in various sectors, such as air freight and logistics, auto components, banks, beverages, biotechnology, capital markets, chemicals, communications equipment, containers and packaging, distributors, diversified telecommunication services, electric utilities, electrical equipment, energy equipment and services, equity real estate investment trusts, food products, healthcare equipment and services, household durables, Internet software and services, machinery, semiconductors and semiconductor equipment, software, specialty retail, tobacco, pharmaceuticals, road and rail, multi-utilities, Internet and direct marketing retail, and information technology services.

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