Adams Diversified Equity Fund, Inc. (NYSE:ADX) Short Interest Update

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 692,299 shares, a drop of 15.8% from the February 12th total of 821,844 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 234,909 shares, the short-interest ratio is currently 2.9 days. Based on an average trading volume of 234,909 shares, the short-interest ratio is currently 2.9 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its position in shares of Adams Diversified Equity Fund by 21.7% in the 3rd quarter. Penserra Capital Management LLC now owns 295,117 shares of the closed-end fund’s stock worth $6,581,000 after acquiring an additional 52,577 shares during the period. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Adams Diversified Equity Fund by 209.5% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 78,554 shares of the closed-end fund’s stock worth $1,752,000 after purchasing an additional 53,172 shares in the last quarter. King Luther Capital Management Corp bought a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $1,116,000. Bensler LLC raised its stake in shares of Adams Diversified Equity Fund by 7.8% in the third quarter. Bensler LLC now owns 925,053 shares of the closed-end fund’s stock valued at $20,629,000 after purchasing an additional 67,197 shares in the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of Adams Diversified Equity Fund in the third quarter valued at $5,286,000. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

NYSE:ADX traded up $0.20 during trading hours on Tuesday, hitting $22.74. 224,407 shares of the company traded hands, compared to its average volume of 264,686. Adams Diversified Equity Fund has a twelve month low of $16.50 and a twelve month high of $23.85. The firm has a 50-day moving average of $23.14 and a 200 day moving average of $22.86.

Adams Diversified Equity Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, January 26th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Monday, January 26th. This is a positive change from Adams Diversified Equity Fund’s previous quarterly dividend of $0.46.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.