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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 35,542 shares, a drop of 43.8% from the April 15th total of 63,219 shares. Based on an average daily volume of 141,454 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Several institutional investors have recently added to or reduced their stakes in ETJ. Focus Partners Wealth bought a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at $1,753,000. Guggenheim Capital LLC lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 20.4% in the 4th quarter. Guggenheim Capital LLC now owns 1,088,860 shares of the company’s stock valued at $9,604,000 after acquiring an additional 184,721 shares in the last quarter. RPO LLC bought a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at $1,208,000. Invesco Ltd. lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.8% in the 3rd quarter. Invesco Ltd. now owns 1,028,897 shares of the company’s stock valued at $9,250,000 after acquiring an additional 116,366 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,708,700 shares of the company’s stock valued at $15,447,000 after acquiring an additional 107,014 shares in the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 2.0%

ETJ traded down $0.17 during trading on Friday, hitting $8.30. The company had a trading volume of 100,250 shares, compared to its average volume of 163,697. Eaton Vance Risk-Managed Diversified Equity Income Fund has a one year low of $7.88 and a one year high of $9.11. The firm’s 50-day moving average price is $8.35 and its 200 day moving average price is $8.64.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.0651 dividend. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Friday, May 15th.

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.