Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Update

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 73,952 shares, an increase of 108.1% from the April 30th total of 35,542 shares. Based on an average daily volume of 121,208 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% during the 1st quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after purchasing an additional 1,367 shares in the last quarter. Royal Bank of Canada grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% during the 1st quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock valued at $951,000 after purchasing an additional 4,183 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at approximately $98,000. Independent Financial Group LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter worth approximately $712,000. Finally, Calamos Advisors LLC grew its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock worth $1,095,000 after acquiring an additional 15,950 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of NYSE ETJ opened at $8.49 on Wednesday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.88 and a fifty-two week high of $9.11. The business has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $8.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0651 per share. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Monday, June 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.