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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 73,952 shares, a growth of 108.1% from the April 30th total of 35,542 shares. Based on an average daily volume of 121,208 shares, the days-to-cover ratio is presently 0.6 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 ETJ. Geneos Wealth Management Inc. grew its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock valued at $35,000 after purchasing an additional 1,380 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at approximately $42,000. Harbour Investments Inc. boosted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 557.4% in the 4th quarter. Harbour Investments Inc. now owns 6,574 shares of the company’s stock valued at $58,000 after buying an additional 5,574 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 3rd quarter valued at approximately $94,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the 4th quarter valued at approximately $94,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

Shares of NYSE:ETJ opened at $8.54 on Monday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.11. The business has a 50-day moving average price of $8.33 and a two-hundred day moving average price of $8.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.0651 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date was 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.