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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% in the first quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock valued at $951,000 after purchasing an additional 4,183 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of 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 worth $58,000 after purchasing an additional 2,000 shares during the last quarter. First Heartland Consultants Inc. lifted its position in shares of 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 worth $1,068,000 after purchasing an additional 3,905 shares during the last quarter. Western Wealth Management LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% during the 1st quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after purchasing an additional 1,367 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 18.8% during the 1st quarter. International Assets Investment Management LLC now owns 22,109 shares of the company’s stock valued at $181,000 after purchasing an additional 3,500 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

Shares of Eaton Vance Risk-Managed Diversified Equity Income Fund stock traded down $0.09 on Wednesday, reaching $8.27. The stock had a trading volume of 76,899 shares, compared to its average volume of 151,107. The business’s 50-day moving average price is $8.37 and its two-hundred day moving average price is $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 company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.0651 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.4%.

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.