Adams Diversified Equity Fund, Inc. (NYSE:ADX) Short Interest Update

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 627,900 shares, a drop of 5.5% from the December 15th total of 664,700 shares. Based on an average daily volume of 278,300 shares, the days-to-cover ratio is currently 2.3 days.

Adams Diversified Equity Fund Stock Performance

NYSE:ADX opened at $20.94 on Monday. Adams Diversified Equity Fund has a twelve month low of $17.50 and a twelve month high of $22.63. The firm’s fifty day simple moving average is $20.84 and its 200 day simple moving average is $21.21.

Adams Diversified Equity Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 8.98%. The ex-dividend date is Monday, January 27th.

Insider Buying and Selling at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 4,833 shares of Adams Diversified Equity Fund stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $21.90, for a total value of $105,842.70. Following the transaction, the director now directly owns 59,408 shares of the company’s stock, valued at $1,301,035.20. The trade was a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

A number of large investors have recently modified their holdings of the stock. World Investment Advisors LLC purchased a new position in Adams Diversified Equity Fund in the 3rd quarter worth approximately $34,599,000. Bensler LLC lifted its position in shares of Adams Diversified Equity Fund by 9.1% during the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock worth $12,575,000 after purchasing an additional 48,581 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of Adams Diversified Equity Fund by 2,789.5% in the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after purchasing an additional 398,729 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Adams Diversified Equity Fund by 18.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 217,882 shares of the closed-end fund’s stock valued at $4,401,000 after purchasing an additional 34,691 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter worth $4,446,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.