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 large drop in short interest in August. As of August 14th, there was short interest totaling 51,804 shares, a drop of 53.9% from the July 30th total of 112,370 shares. Based on an average trading volume of 117,688 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ETJ. Baird Financial Group Inc. bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at about $156,000. Royal Bank of Canada lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 14.3% in the first quarter. Royal Bank of Canada now owns 93,561 shares of the company’s stock worth $792,000 after acquiring an additional 11,741 shares during the last quarter. Invesco Ltd. boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.0% in the second quarter. Invesco Ltd. now owns 912,531 shares of the company’s stock valued at $8,249,000 after acquiring an additional 26,187 shares during the period. Raymond James Financial Inc. boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.7% in the second quarter. Raymond James Financial Inc. now owns 1,708,700 shares of the company’s stock valued at $15,447,000 after acquiring an additional 107,014 shares during the period. Finally, Jane Street Group LLC acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the second quarter valued at approximately $155,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of ETJ stock traded up $0.04 on Friday, hitting $8.51. 130,817 shares of the stock traded hands, compared to its average volume of 145,557. The company’s fifty day moving average is $8.40 and its 200 day moving average is $8.42. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

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