Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Shorted: Short Interest Up 80.7% in September

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 189,876 shares, an increase of 80.7% from the August 31st total of 105,055 shares. Based on an average daily volume of 127,392 shares, the short-interest ratio is presently 1.5 days.

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

Several institutional investors have recently made changes to their positions in ETJ. Baird Financial Group Inc. boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% in the second quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock worth $300,000 after acquiring an additional 1,195 shares in the last quarter. Ameritas Advisory Services LLC raised its position in 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 valued at $140,000 after buying an additional 2,450 shares during the last quarter. First Heartland Consultants Inc. lifted 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 acquiring an additional 3,905 shares in the last quarter. CoreCap Advisors LLC grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% in 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 in the last quarter. Finally, Western Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 1,367 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 1.2%

NYSE ETJ traded down $0.10 on Thursday, hitting $8.07. The company’s stock had a trading volume of 75,762 shares, compared to its average volume of 143,808. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.08. The company’s 50-day moving average is $8.38 and its 200 day moving average is $8.35.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.0651 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.78 dividend on an annualized basis and a yield of 9.7%.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.