Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Sees Large Growth in Short Interest

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 33,700 shares, a growth of 262.4% from the June 30th total of 9,300 shares. Based on an average daily volume of 143,000 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 0.4 %

ETJ traded up $0.04 during midday trading on Friday, hitting $8.94. The stock had a trading volume of 132,173 shares, compared to its average volume of 165,397. The business has a fifty day moving average of $8.73 and a 200 day moving average of $8.42. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.20 and a 1 year high of $8.98.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be given a $0.0651 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $0.78 annualized dividend and a yield of 8.74%. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of ETJ. ORG Partners LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter valued at approximately $42,000. Weiss Asset Management LP bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter valued at approximately $119,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter valued at approximately $131,000. Principal Securities Inc. bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter valued at approximately $148,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter valued at approximately $217,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.