Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Down 50.4% in June

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 51,997 shares, a decline of 50.4% from the June 15th total of 104,811 shares. Based on an average daily volume of 151,370 shares, the short-interest ratio is currently 0.3 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

ETJ traded down $0.06 during midday trading on Wednesday, reaching $8.45. The company had a trading volume of 87,927 shares, compared to its average volume of 154,010. The business has a 50-day moving average of $8.37 and a two-hundred day moving average of $8.51. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.88 and a 1 year high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0651 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.3%.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake 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 worth $35,000 after purchasing an additional 1,380 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter worth $42,000. Harbour Investments Inc. boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 557.4% in the 4th quarter. Harbour Investments Inc. now owns 6,574 shares of the company’s stock worth $58,000 after buying an additional 5,574 shares during the period. CoreCap Advisors LLC increased its stake in 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 buying an additional 2,000 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter worth $94,000.

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.