Adams Diversified Equity Fund, Inc. (NYSE:ADX) Short Interest Update

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 692,299 shares, a decrease of 15.8% from the February 12th total of 821,844 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 234,909 shares, the short-interest ratio is currently 2.9 days. Based on an average daily volume of 234,909 shares, the short-interest ratio is currently 2.9 days. Approximately 0.6% of the shares of the company are sold short.

Adams Diversified Equity Fund Price Performance

Adams Diversified Equity Fund stock traded down $0.15 during trading on Wednesday, reaching $22.58. The company had a trading volume of 163,429 shares, compared to its average volume of 287,642. The firm’s 50-day simple moving average is $23.14 and its 200 day simple moving average is $22.86. Adams Diversified Equity Fund has a 52 week low of $16.50 and a 52 week high of $23.85.

Adams Diversified Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, January 26th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 8.3%. This is an increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, January 26th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in shares of Adams Diversified Equity Fund by 2.2% in the fourth quarter. Lazard Asset Management LLC now owns 3,589,875 shares of the closed-end fund’s stock worth $83,716,000 after purchasing an additional 77,993 shares during the period. Raymond James Financial Inc. grew its position in shares of Adams Diversified Equity Fund by 6.3% during the third quarter. Raymond James Financial Inc. now owns 1,306,074 shares of the closed-end fund’s stock worth $29,125,000 after purchasing an additional 77,902 shares in the last quarter. Bensler LLC grew its position in shares of Adams Diversified Equity Fund by 6.8% during the fourth quarter. Bensler LLC now owns 987,718 shares of the closed-end fund’s stock worth $23,034,000 after purchasing an additional 62,665 shares in the last quarter. Waterfront Wealth Inc. raised its stake in Adams Diversified Equity Fund by 1.3% during the 3rd quarter. Waterfront Wealth Inc. now owns 446,423 shares of the closed-end fund’s stock valued at $10,110,000 after purchasing an additional 5,716 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Adams Diversified Equity Fund by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 430,951 shares of the closed-end fund’s stock worth $10,089,000 after purchasing an additional 5,457 shares in the last quarter. 28.41% of the stock is currently owned by institutional investors.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.