Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Update

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 33,700 shares, a growth of 262.4% from the June 30th total of 9,300 shares. Based on an average trading volume of 143,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in ETJ. Centaurus Financial Inc. lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% in the 4th quarter. Centaurus Financial Inc. now owns 53,682 shares of the company’s stock worth $421,000 after buying an additional 1,367 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 8.0% in the 4th quarter. NBC Securities Inc. now owns 30,057 shares of the company’s stock valued at $235,000 after purchasing an additional 2,239 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.7% in the 4th quarter. Private Advisor Group LLC now owns 106,240 shares of the company’s stock valued at $833,000 after purchasing an additional 2,821 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter valued at about $42,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 245,670 shares of the company’s stock valued at $2,157,000 after purchasing an additional 6,873 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 0.4 %

ETJ stock traded up $0.04 during midday trading on Friday, hitting $8.94. The stock had a trading volume of 132,172 shares, compared to its average volume of 165,397. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.20 and a 12-month high of $8.98. The company’s 50-day moving average price is $8.73 and its 200 day moving average price is $8.42.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.0651 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This is a boost from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07. This represents a $0.78 annualized dividend and a dividend yield of 8.74%.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.