Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 186.4% in March

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 23,200 shares, an increase of 186.4% from the February 28th total of 8,100 shares. Based on an average trading volume of 161,400 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter valued at $13,750,000. Guggenheim Capital LLC grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 30.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,308,364 shares of the company’s stock worth $12,181,000 after acquiring an additional 307,479 shares during the period. LPL Financial LLC raised its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.4% in the fourth quarter. LPL Financial LLC now owns 906,273 shares of the company’s stock worth $8,437,000 after purchasing an additional 21,132 shares in the last quarter. Invesco Ltd. increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 4.2% in the 4th quarter. Invesco Ltd. now owns 834,656 shares of the company’s stock worth $7,771,000 after acquiring an additional 33,829 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 471,557 shares of the company’s stock valued at $4,390,000 after purchasing an additional 32,303 shares during the last quarter.

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

ETJ stock traded down $0.03 during mid-day trading on Thursday, reaching $8.57. 164,120 shares of the company traded hands, compared to its average volume of 152,721. The company has a fifty day moving average price of $8.98 and a 200-day moving average price of $9.16. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52-week low of $8.10 and a 52-week high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0651 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend is Friday, March 14th.

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.