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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 59,800 shares, a growth of 374.6% from the March 31st total of 12,600 shares. Based on an average daily volume of 188,600 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

ETJ traded up $0.07 on Friday, reaching $8.19. The company’s stock had a trading volume of 213,592 shares, compared to its average volume of 182,209. The stock has a 50 day moving average of $8.34 and a two-hundred day moving average of $8.02. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.20 and a fifty-two week high of $8.47.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.065 dividend. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06. This represents a $0.78 annualized dividend and a dividend yield of 9.52%. The ex-dividend date of this dividend is Monday, April 22nd.

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

Large investors have recently modified their holdings of the company. Creative Capital Management Investments LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $36,000. LWM Advisory Services LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $37,000. Avantax Advisory Services Inc. acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter valued at approximately $78,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter worth $90,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter worth $95,000.

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.