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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 51,804 shares, a decrease of 53.9% from the July 30th total of 112,370 shares. Based on an average daily volume of 117,688 shares, the days-to-cover ratio is currently 0.4 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 17.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,878 shares of the company’s stock worth $140,000 after acquiring an additional 2,450 shares during the period. First Heartland Consultants Inc. boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock valued at $1,068,000 after purchasing an additional 3,905 shares during the period. CoreCap Advisors LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after purchasing an additional 2,000 shares during the period. Western Wealth Management LLC grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the 1st quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock worth $212,000 after purchasing an additional 1,367 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% in the 1st quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock worth $951,000 after purchasing an additional 4,183 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.5%

NYSE:ETJ traded up $0.04 during midday trading on Friday, reaching $8.51. 130,817 shares of the company traded hands, compared to its average volume of 145,557. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.88 and a twelve month high of $9.11. The company has a fifty day moving average price of $8.40 and a 200 day moving average price of $8.42.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.0651 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Friday, August 14th.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.