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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 63,537 shares, a decrease of 66.5% from the September 15th total of 189,876 shares. Based on an average daily volume of 140,904 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after acquiring an additional 1,367 shares during the last quarter. Royal Bank of Canada grew its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% in the first quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock valued at $951,000 after purchasing an additional 4,183 shares in the last quarter. Gateway Wealth Partners LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter valued at approximately $98,000. Independent Financial Group LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter worth approximately $712,000. Finally, Calamos Advisors LLC boosted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock valued at $1,095,000 after buying an additional 15,950 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 0.5%

Shares of ETJ stock traded down $0.04 on Tuesday, hitting $8.18. 222,549 shares of the stock were exchanged, compared to its average volume of 148,665. The business has a 50-day moving average of $8.34 and a 200 day moving average of $8.35. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.88 and a fifty-two week high of $9.00.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0651 per share. This represents a $0.78 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Thursday, October 15th.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the ticker symbol ETJ. The fund seeks to provide total return through a combination of current income and capital appreciation while managing exposure to equity-market risk.

The fund invests primarily in a diversified portfolio of common stocks and other equity securities. To generate income and help manage downside risk, it may use an options strategy that includes writing call options and purchasing put options on individual securities or broad market indexes.