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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 8,100 shares, a decline of 83.3% from the February 13th total of 48,400 shares. Based on an average daily trading volume, of 154,000 shares, the short-interest ratio is presently 0.1 days.

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

Several large investors have recently added to or reduced their stakes in ETJ. FLC Capital Advisors acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter worth $104,000. Vista Investment Partners II LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter worth about $106,000. Waverly Advisors LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter worth about $109,000. Steward Partners Investment Advisory LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,864 shares of the company’s stock worth $157,000 after acquiring an additional 3,533 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter valued at about $175,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of ETJ traded up $0.09 during midday trading on Wednesday, hitting $8.66. The stock had a trading volume of 125,320 shares, compared to its average volume of 169,104. The business has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $9.18. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $8.10 and a fifty-two week high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0651 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Friday, March 14th.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.