Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Sees Significant Increase in Short Interest

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 73,952 shares, a growth of 108.1% from the April 30th total of 35,542 shares. Based on an average daily volume of 121,208 shares, the days-to-cover ratio is currently 0.6 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Up 0.1%

Eaton Vance Risk-Managed Diversified Equity Income Fund stock opened at $8.54 on Monday. The stock’s 50 day moving average is $8.33 and its 200 day moving average is $8.60. Eaton Vance Risk-Managed Diversified Equity Income Fund has a one year low of $7.88 and a one year high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.0651 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Friday, May 15th.

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

Hedge funds have recently added to or reduced their stakes in the business. Calamos Advisors LLC increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 32.1% during the fourth quarter. Calamos Advisors LLC now owns 118,032 shares of the company’s stock valued at $1,041,000 after acquiring an additional 28,710 shares in the last quarter. Shaker Financial Services LLC grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.1% during the fourth quarter. Shaker Financial Services LLC now owns 414,103 shares of the company’s stock worth $3,652,000 after buying an additional 48,105 shares in the last quarter. Successful Portfolios LLC grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 10.0% during the fourth quarter. Successful Portfolios LLC now owns 27,602 shares of the company’s stock worth $247,000 after buying an additional 2,500 shares in the last quarter. David J Yvars Group boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 8.7% in the fourth quarter. David J Yvars Group now owns 41,930 shares of the company’s stock worth $370,000 after purchasing an additional 3,355 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 46.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,508 shares of the company’s stock worth $431,000 after purchasing an additional 15,484 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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.