Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Increases By 102.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 105,055 shares, a growth of 102.8% from the August 15th total of 51,804 shares. Based on an average trading volume of 94,509 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Several hedge funds have recently modified their holdings of the company. Harbour Investments Inc. grew its position 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 worth $58,000 after buying an additional 5,574 shares during the last quarter. CoreCap Advisors LLC lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the second quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after acquiring an additional 2,000 shares during the last quarter. World Investment Advisors purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter valued at approximately $100,000. Gateway Wealth Partners LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter valued at approximately $98,000. Finally, Procyon Advisors LLC acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter valued at approximately $104,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 1.8%

Shares of NYSE ETJ traded down $0.15 during mid-day trading on Tuesday, reaching $8.17. 100,596 shares of the company were exchanged, compared to its average volume of 144,416. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.88 and a 1 year high of $9.10. The firm has a 50-day moving average of $8.42 and a 200 day moving average of $8.39.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0651 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a 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 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.