Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Update

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,100 shares, a drop of 86.6% from the November 15th total of 23,200 shares. Based on an average trading volume of 134,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ETJ. International Assets Investment Management LLC lifted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1,034.4% in the third quarter. International Assets Investment Management LLC now owns 171,389 shares of the company’s stock valued at $1,578,000 after buying an additional 156,280 shares during the last quarter. Raymond James & Associates lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.7% during the 3rd quarter. Raymond James & Associates now owns 535,865 shares of the company’s stock valued at $4,935,000 after purchasing an additional 13,919 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 841.4% during the third quarter. Pathway Financial Advisers LLC now owns 13,180 shares of the company’s stock worth $121,000 after purchasing an additional 11,780 shares during the period. Global Assets Advisory LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter worth $132,000. Finally, Sax Wealth Advisors LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at $543,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of NYSE:ETJ traded up $0.06 during mid-day trading on Wednesday, reaching $9.42. The stock had a trading volume of 85,311 shares, compared to its average volume of 155,287. The firm has a 50 day simple moving average of $9.29 and a two-hundred day simple moving average of $9.02. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.56 and a twelve month high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.0651 dividend. This represents a $0.78 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Monday, December 23rd.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.