Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 21.2% in July

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJGet Rating) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 859,900 shares, a growth of 21.2% from the July 15th total of 709,500 shares. Based on an average daily trading volume, of 199,700 shares, the days-to-cover ratio is presently 4.3 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

ETJ stock traded down $0.05 on Monday, reaching $9.85. The company’s stock had a trading volume of 522 shares, compared to its average volume of 226,812. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $8.30 and a 52 week high of $11.60. The firm has a fifty day moving average of $9.00 and a two-hundred day moving average of $9.38.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be issued a $0.076 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date of this dividend is Tuesday, August 23rd.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.1% during the 2nd quarter. NewEdge Advisors LLC now owns 42,172 shares of the company’s stock valued at $353,000 after purchasing an additional 2,800 shares in the last quarter. Syverson Strege & Co boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.7% during the 2nd quarter. Syverson Strege & Co now owns 25,904 shares of the company’s stock valued at $217,000 after purchasing an additional 5,465 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 49.0% during the 2nd quarter. CoreCap Advisors LLC now owns 18,545 shares of the company’s stock valued at $155,000 after purchasing an additional 6,100 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 2nd quarter valued at $56,000. Finally, Resources Investment Advisors LLC. boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 10.0% during the 2nd quarter. Resources Investment Advisors LLC. now owns 30,065 shares of the company’s stock valued at $252,000 after purchasing an additional 2,735 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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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.

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