Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 102.8% in August

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 105,055 shares, an increase of 102.8% from the August 15th total of 51,804 shares. Based on an average daily volume of 94,509 shares, the days-to-cover ratio is presently 1.1 days.

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

NYSE ETJ traded down $0.02 during mid-day trading on Monday, reaching $8.30. 241,851 shares of the stock were exchanged, compared to its average volume of 144,667. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.10. The business’s fifty day simple moving average is $8.43 and its 200 day simple moving average is $8.39.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0651 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. raised 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 buying an additional 5,574 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after buying an additional 2,000 shares during the last quarter. World Investment Advisors acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth $100,000. Gateway Wealth Partners LLC acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter worth about $98,000. Finally, Procyon Advisors LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter valued at approximately $104,000.

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.