Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 374.6% in April

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 59,800 shares, an increase of 374.6% from the March 31st total of 12,600 shares. Based on an average daily trading volume, of 188,600 shares, the short-interest ratio is currently 0.3 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETJ. Creative Capital Management Investments LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at about $36,000. LWM Advisory Services LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at about $37,000. Avantax Advisory Services Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at about $78,000. Atria Wealth Solutions Inc. bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at approximately $90,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at approximately $95,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.9 %

NYSE:ETJ traded up $0.07 on Friday, hitting $8.19. The stock had a trading volume of 213,592 shares, compared to its average volume of 182,209. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.20 and a 1 year high of $8.47. The firm’s fifty day simple moving average is $8.34 and its two-hundred day simple moving average is $8.02.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a $0.065 dividend. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06. The ex-dividend date is Monday, April 22nd. This represents a $0.78 annualized dividend and a yield of 9.52%.

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.