Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Decreases By 53.9%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJGet Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 51,804 shares, a decrease of 53.9% from the July 30th total of 112,370 shares. Based on an average daily trading volume, of 117,688 shares, the short-interest ratio is currently 0.4 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

Shares of ETJ stock traded up $0.04 during trading hours on Friday, reaching $8.51. The stock had a trading volume of 130,817 shares, compared to its average volume of 145,557. The stock’s fifty day simple moving average is $8.40 and its 200 day simple moving average is $8.42. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12 month low of $7.88 and a 12 month high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.0651 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Friday, August 14th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ETJ. Geneos Wealth Management Inc. grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% during the second quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock worth $35,000 after buying an additional 1,380 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 557.4% during the 4th quarter. Harbour Investments Inc. now owns 6,574 shares of the company’s stock valued at $58,000 after acquiring an additional 5,574 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after acquiring an additional 2,000 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter worth about $94,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth about $94,000.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

(Get Free Report)

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.

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