Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Expands By 109.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 109,068 shares, a growth of 109.8% from the June 30th total of 51,997 shares. Based on an average daily trading volume, of 117,755 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.6% during the 4th quarter. Advisory Services Network LLC now owns 85,908 shares of the company’s stock worth $758,000 after purchasing an additional 1,353 shares in the last quarter. Western Wealth Management LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after buying an additional 1,367 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% during the second quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock worth $35,000 after buying an additional 1,380 shares during the last quarter. Arlington Capital Management Inc. grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% during the first quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock worth $293,000 after buying an additional 1,725 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% during the third quarter. Centaurus Financial Inc. now owns 70,080 shares of the company’s stock worth $630,000 after buying an additional 1,762 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

ETJ stock traded up $0.12 during trading on Thursday, hitting $8.38. The company had a trading volume of 151,755 shares, compared to its average volume of 151,111. The company has a fifty day moving average price of $8.37 and a two-hundred day moving average price of $8.47. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.88 and a fifty-two week high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.0651 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.