Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Short Interest Falls 73.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 12,330 shares, a decrease of 73.8% from the October 15th total of 47,039 shares. Based on an average daily volume of 143,672 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of ETJ. Foresight Capital Management Advisors Inc. purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter valued at $39,000. CoreCap Advisors LLC lifted 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 purchasing an additional 2,000 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter worth $98,000. StoneX Group Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter worth $105,000. Finally, Procyon Advisors LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at about $104,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 1.6%

Shares of ETJ opened at $7.88 on Thursday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.61 and a 1 year high of $8.99. The company has a 50 day simple moving average of $8.11 and a two-hundred day simple moving average of $8.36.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.0651 per share. The ex-dividend date is Monday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.9%.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm that is part of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of equity securities. ETJ uses an options-based, risk-managed strategy in conjunction with its equity investments. Its portfolio may include written call options and purchased put options, with the goal of generating income while helping to manage downside risk during periods of market volatility.