Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Short Interest Rises 80.7%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 189,876 shares, an increase of 80.7% from the August 31st total of 105,055 shares. Based on an average trading volume of 127,392 shares, the short-interest ratio is presently 1.5 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. raised its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% in the 2nd quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock valued at $300,000 after acquiring an additional 1,195 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 17.0% during the second quarter. Ameritas Advisory Services LLC now owns 16,878 shares of the company’s stock worth $140,000 after purchasing an additional 2,450 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% during the second quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock worth $1,068,000 after purchasing an additional 3,905 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of 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 valued at $58,000 after purchasing an additional 2,000 shares during the period. Finally, Western Wealth Management LLC grew its position in shares of 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 valued at $212,000 after purchasing an additional 1,367 shares during the period.

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

ETJ stock traded down $0.01 during trading on Tuesday, hitting $8.17. The stock had a trading volume of 174,211 shares, compared to its average volume of 143,360. The company’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $8.36. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.08.

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 $0.78 dividend on an annualized basis and a dividend yield of 9.6%.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.