Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Declines By 43.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 35,542 shares, a decline of 43.8% from the April 15th total of 63,219 shares. Based on an average daily trading volume, of 141,454 shares, the days-to-cover ratio is presently 0.3 days.

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

Several institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC lifted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.6% during the 4th quarter. Advisory Services Network LLC now owns 85,908 shares of the company’s stock worth $758,000 after buying an additional 1,353 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after acquiring an additional 1,380 shares during the period. Allworth Financial LP increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 8.1% in the 3rd quarter. Allworth Financial LP now owns 21,737 shares of the company’s stock valued at $195,000 after acquiring an additional 1,620 shares during the period. Arlington Capital Management Inc. increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% in the 1st quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock valued at $293,000 after acquiring an additional 1,725 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% in the 3rd quarter. Centaurus Financial Inc. now owns 70,080 shares of the company’s stock valued at $630,000 after acquiring an additional 1,762 shares during the period.

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

Shares of NYSE:ETJ traded down $0.04 during trading on Monday, hitting $8.24. 147,241 shares of the company were exchanged, compared to its average volume of 163,522. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.88 and a 12-month high of $9.11. The firm’s 50 day moving average price is $8.34 and its 200-day moving average price is $8.63.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.0651 per share. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Friday, May 15th.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.