Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 51,997 shares, a decline of 50.4% from the June 15th total of 104,811 shares. Based on an average daily trading volume, of 151,370 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ETJ. Baird Financial Group Inc. purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter worth about $156,000. Royal Bank of Canada grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 14.3% during the 1st quarter. Royal Bank of Canada now owns 93,561 shares of the company’s stock valued at $792,000 after buying an additional 11,741 shares in the last quarter. Invesco Ltd. grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.0% during the 2nd quarter. Invesco Ltd. now owns 912,531 shares of the company’s stock valued at $8,249,000 after buying an additional 26,187 shares in the last quarter. Raymond James Financial Inc. increased its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,708,700 shares of the company’s stock worth $15,447,000 after acquiring an additional 107,014 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 2nd quarter worth approximately $155,000.
Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance
ETJ traded down $0.06 during trading on Wednesday, hitting $8.45. 87,927 shares of the company traded hands, compared to its average volume of 154,010. The stock’s 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $8.51. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.88 and a 1 year high of $9.11.
Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement
About Eaton Vance Risk-Managed Diversified Equity Income Fund
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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