Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Expands By 108.1%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant increase in short interest in the month of 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 trading volume of 121,208 shares, the days-to-cover ratio is currently 0.6 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

ETJ traded down $0.01 on Tuesday, hitting $8.49. 161,950 shares of the company’s stock were exchanged, compared to its average volume of 161,286. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.88 and a twelve month high of $9.11. The stock has a fifty day moving average of $8.33 and a two-hundred day moving average 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. Investors of record on Monday, June 15th will be paid a dividend of $0.0651 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 9.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ETJ. Geneos Wealth Management Inc. boosted its holdings in shares of 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 acquiring an additional 1,380 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $42,000. Harbour Investments Inc. boosted its holdings in shares of 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 in the last quarter. Citadel Advisors LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $94,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $94,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end 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.