Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Increases By 102.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 105,055 shares, an increase of 102.8% from the August 15th total of 51,804 shares. Based on an average daily volume of 94,509 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of hedge funds have recently made changes to their positions in ETJ. Independent Financial Group LLC purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter valued at approximately $712,000. Closed End Fund Advisors Inc. acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth approximately $224,000. Harbour Wealth Management Group Inc. purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at about $201,000. Calamos Advisors LLC raised its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock worth $1,095,000 after purchasing an additional 15,950 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth about $139,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 0.2%

Shares of NYSE ETJ traded down $0.02 during trading on Monday, hitting $8.30. 241,851 shares of the company were exchanged, compared to its average volume of 144,667. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.88 and a 12-month high of $9.10. The company has a fifty day moving average price of $8.43 and a 200-day moving average price of $8.39.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0651 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

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.