Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Sees Large Growth in Short Interest

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

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 0.3 %

NYSE ETJ traded up $0.03 on Thursday, reaching $8.90. The stock had a trading volume of 270,800 shares, compared to its average volume of 165,631. 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 stock has a fifty day moving average price of $8.72 and a two-hundred day moving average price of $8.41.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be given a $0.0651 dividend. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $0.78 dividend on an annualized basis and a yield of 8.78%.

Institutional Trading of 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 ETJ. Cornerstone Advisors LLC increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 67.2% during the fourth quarter. Cornerstone Advisors LLC now owns 597,133 shares of the company’s stock worth $4,682,000 after acquiring an additional 240,054 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 795,177 shares of the company’s stock worth $6,640,000 after acquiring an additional 164,574 shares during the period. International Assets Investment Management LLC increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 635.3% during the fourth quarter. International Assets Investment Management LLC now owns 118,455 shares of the company’s stock worth $929,000 after acquiring an additional 102,346 shares during the period. Global Assets Advisory LLC increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 651.5% during the first quarter. Global Assets Advisory LLC now owns 112,725 shares of the company’s stock worth $941,000 after acquiring an additional 97,725 shares during the period. Finally, Rockport Wealth LLC purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter worth $567,000.

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.