Short Interest in Adams Diversified Equity Fund, Inc. (NYSE:ADX) Grows By 5.2%

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 659,800 shares, a growth of 5.2% from the November 15th total of 627,200 shares. Based on an average trading volume of 258,600 shares, the days-to-cover ratio is currently 2.6 days.

Adams Diversified Equity Fund Trading Down 0.5 %

Shares of Adams Diversified Equity Fund stock opened at $20.56 on Wednesday. Adams Diversified Equity Fund has a one year low of $17.18 and a one year high of $22.63. The stock has a 50 day moving average price of $21.49 and a 200-day moving average price of $21.34.

Adams Diversified Equity Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be paid a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.13%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Buying and Selling

In other news, Director Frederic A. Escherich sold 9,500 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total transaction of $208,335.00. Following the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of ADX. Farther Finance Advisors LLC purchased a new position in Adams Diversified Equity Fund during the 3rd quarter valued at about $30,000. Rothschild Investment LLC acquired a new stake in Adams Diversified Equity Fund during the second quarter worth about $45,000. Sunbelt Securities Inc. boosted its holdings in Adams Diversified Equity Fund by 23,200.0% during the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after buying an additional 2,552 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Adams Diversified Equity Fund in the 3rd quarter valued at about $62,000. Finally, Kingsview Wealth Management LLC purchased a new position in Adams Diversified Equity Fund during the third quarter worth approximately $238,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.