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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 44,600 shares, an increase of 10.9% from the September 15th total of 40,200 shares. Based on an average daily volume of 151,200 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 institutional investors and hedge funds have recently modified their holdings of ETJ. Centaurus Financial Inc. boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% in the fourth quarter. Centaurus Financial Inc. now owns 53,682 shares of the company’s stock valued at $421,000 after acquiring an additional 1,367 shares during the period. Global Assets Advisory LLC grew its stake in 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 buying an additional 97,725 shares in the last quarter. ORG Partners LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter valued at about $42,000. Cornerstone Advisors LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 34.0% in the 1st quarter. Cornerstone Advisors LLC now owns 799,923 shares of the company’s stock valued at $6,679,000 after buying an additional 202,790 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.1% during the first quarter. Osaic Holdings Inc. now owns 1,391,311 shares of the company’s stock worth $11,618,000 after purchasing an additional 28,265 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of Eaton Vance Risk-Managed Diversified Equity Income Fund stock traded down $0.05 during trading on Thursday, reaching $9.30. The stock had a trading volume of 94,432 shares, compared to its average volume of 158,802. The stock has a fifty day moving average price of $9.09 and a two-hundred day moving average price of $8.76. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $7.20 and a 52 week high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date is Wednesday, October 23rd.

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.