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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 59,800 shares, an increase of 374.6% from the March 31st total of 12,600 shares. Based on an average daily volume of 188,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of large investors have recently added to or reduced their stakes in ETJ. Cornerstone Advisors LLC boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 67.2% during the 4th quarter. Cornerstone Advisors LLC now owns 597,133 shares of the company’s stock valued at $4,682,000 after purchasing an additional 240,054 shares in the last quarter. Shaker Financial Services LLC purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at about $1,433,000. Raymond James Financial Services Advisors Inc. lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 795,177 shares of the company’s stock valued at $6,640,000 after acquiring an additional 164,574 shares during the period. Advisors Asset Management Inc. lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 51.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 311,152 shares of the company’s stock valued at $2,390,000 after acquiring an additional 105,470 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 635.3% during the 4th quarter. International Assets Investment Management LLC now owns 118,455 shares of the company’s stock valued at $929,000 after acquiring an additional 102,346 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

Eaton Vance Risk-Managed Diversified Equity Income Fund stock traded up $0.07 during trading hours on Friday, reaching $8.19. The stock had a trading volume of 213,592 shares, compared to its average volume of 182,209. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $7.20 and a 52 week high of $8.47. The company has a fifty day simple moving average of $8.34 and a 200-day simple moving average of $8.02.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date is Monday, April 22nd. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06.

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.