Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Short Interest Falls 66.5%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 63,537 shares, a decline of 66.5% from the September 15th total of 189,876 shares. Based on an average daily volume of 140,904 shares, the days-to-cover ratio is currently 0.5 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 1.2%

Shares of ETJ stock traded down $0.10 during trading on Wednesday, hitting $8.08. The company had a trading volume of 129,182 shares, compared to its average volume of 148,565. The stock’s 50-day moving average is $8.33 and its two-hundred day moving average is $8.35. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $7.88 and a 52 week high of $9.00.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0651 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.78 annualized dividend and a dividend yield of 9.7%.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. increased its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% during the second quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock valued at $300,000 after buying an additional 1,195 shares during the period. Western Wealth Management LLC raised its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock worth $212,000 after buying an additional 1,367 shares in the last quarter. Arlington Capital Management Inc. lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% in the first quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock worth $293,000 after buying an additional 1,725 shares during the period. CoreCap Advisors LLC lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% in the second quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock worth $58,000 after buying an additional 2,000 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 17.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 16,878 shares of the company’s stock valued at $140,000 after acquiring an additional 2,450 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the ticker symbol ETJ. The fund seeks to provide total return through a combination of current income and capital appreciation while managing exposure to equity-market risk.

The fund invests primarily in a diversified portfolio of common stocks and other equity securities. To generate income and help manage downside risk, it may use an options strategy that includes writing call options and purchasing put options on individual securities or broad market indexes.