Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Short Interest Rises 80.7%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 189,876 shares, a growth of 80.7% from the August 31st total of 105,055 shares. Based on an average daily trading volume, of 127,392 shares, the days-to-cover ratio is currently 1.5 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.2%

Shares of NYSE ETJ traded down $0.01 on Tuesday, reaching $8.17. 174,211 shares of the company traded hands, compared to its average volume of 143,360. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.88 and a fifty-two week high of $9.08. The company has a 50 day moving average of $8.39 and a 200 day moving average of $8.36.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0651 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Tuesday, September 15th.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 557.4% in the fourth quarter. Harbour Investments Inc. now owns 6,574 shares of the company’s stock valued at $58,000 after acquiring an additional 5,574 shares during the last quarter. CoreCap Advisors LLC raised its holdings 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 purchasing an additional 2,000 shares during the period. Gateway Wealth Partners LLC purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter worth about $98,000. World Investment Advisors acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at about $100,000. Finally, Procyon Advisors LLC purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter worth about $104,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.