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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 51,997 shares, a decline of 50.4% from the June 15th total of 104,811 shares. Based on an average daily volume of 151,370 shares, the short-interest ratio is presently 0.3 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

Eaton Vance Risk-Managed Diversified Equity Income Fund stock traded down $0.12 during mid-day trading on Friday, reaching $8.36. 104,551 shares of the company’s stock were exchanged, compared to its average volume of 153,551. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.88 and a twelve month high of $9.11. The company has a fifty day moving average of $8.37 and a 200-day moving average of $8.50.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0651 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter worth $156,000. Royal Bank of Canada boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 14.3% in the 1st quarter. Royal Bank of Canada now owns 93,561 shares of the company’s stock valued at $792,000 after buying an additional 11,741 shares during the period. Invesco Ltd. boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.0% in the 2nd quarter. Invesco Ltd. now owns 912,531 shares of the company’s stock valued at $8,249,000 after buying an additional 26,187 shares during the period. Raymond James Financial Inc. grew its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.7% during the second quarter. Raymond James Financial Inc. now owns 1,708,700 shares of the company’s stock worth $15,447,000 after buying an additional 107,014 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the second quarter worth about $155,000.

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.