Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Update

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 33,700 shares, an increase of 987.1% from the November 30th total of 3,100 shares. Based on an average daily trading volume, of 137,000 shares, the days-to-cover ratio is presently 0.2 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

ETJ stock traded up $0.04 during trading hours on Thursday, hitting $9.44. The company’s stock had a trading volume of 67,191 shares, compared to its average volume of 154,253. The stock has a 50 day moving average price of $9.28 and a two-hundred day moving average price of $9.07. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12 month low of $7.56 and a 12 month high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.0651 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.28%.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 841.4% during 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 last quarter. Global Assets Advisory LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter worth about $132,000. Ameritas Advisory Services LLC lifted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 18,506 shares of the company’s stock worth $162,000 after purchasing an additional 1,278 shares during the last quarter. Sigma Planning Corp boosted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 30,090 shares of the company’s stock valued at $277,000 after purchasing an additional 1,285 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at approximately $543,000.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.