Short Interest in Adams Diversified Equity Fund, Inc. (NYSE:ADX) Rises By 5.2%

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 659,800 shares, a growth of 5.2% from the November 15th total of 627,200 shares. Based on an average trading volume of 258,600 shares, the days-to-cover ratio is currently 2.6 days.

Insider Buying and Selling

In other news, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was acquired at an average price of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. This represents a 30.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter worth about $34,599,000. Bensler LLC grew its stake in shares of Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock worth $12,575,000 after acquiring an additional 48,581 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Adams Diversified Equity Fund by 1.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock worth $12,080,000 after acquiring an additional 10,210 shares during the period. Raymond James & Associates grew its stake in shares of Adams Diversified Equity Fund by 10.8% in the second quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock worth $11,421,000 after acquiring an additional 51,599 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Adams Diversified Equity Fund by 2,789.5% in the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after acquiring an additional 398,729 shares during the period. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Stock Performance

Adams Diversified Equity Fund stock traded down $0.10 on Tuesday, hitting $20.56. 168,227 shares of the stock traded hands, compared to its average volume of 208,277. Adams Diversified Equity Fund has a 1 year low of $17.18 and a 1 year high of $22.63. The business’s fifty day simple moving average is $21.51 and its 200 day simple moving average is $21.34.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.13%. The ex-dividend date is Friday, November 22nd.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.