Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 109.8% in July

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 109,068 shares, a growth of 109.8% from the June 30th total of 51,997 shares. Based on an average daily volume of 117,755 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ETJ. Geneos Wealth Management Inc. lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% in the second quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after buying an additional 1,380 shares during the period. Harbour Investments Inc. grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 557.4% during the 4th quarter. Harbour Investments Inc. now owns 6,574 shares of the company’s stock worth $58,000 after acquiring an additional 5,574 shares during the period. CoreCap Advisors LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% in the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock worth $58,000 after acquiring an additional 2,000 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter worth about $94,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at about $94,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

NYSE:ETJ traded down $0.04 during mid-day trading on Tuesday, reaching $8.33. The stock had a trading volume of 173,545 shares, compared to its average volume of 151,630. 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 stock has a 50-day simple moving average of $8.37 and a two-hundred day simple moving average of $8.48.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.0651 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Wednesday, July 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.