Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Sees Significant Growth in Short Interest

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 46,100 shares, a growth of 36.8% from the December 31st total of 33,700 shares. Based on an average daily trading volume, of 136,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. FLC Capital Advisors purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at $104,000. Pathway Financial Advisers LLC lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 841.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 13,180 shares of the company’s stock worth $121,000 after acquiring an additional 11,780 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at about $132,000. Sigma Planning Corp increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 4.5% during the third quarter. Sigma Planning Corp now owns 30,090 shares of the company’s stock worth $277,000 after acquiring an additional 1,285 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter worth about $543,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

NYSE ETJ opened at $9.13 on Thursday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52-week low of $7.95 and a 52-week high of $9.60. The business’s 50-day moving average price is $9.28 and its 200 day moving average price is $9.14.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0651 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.78 annualized dividend and a dividend yield of 8.56%.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.