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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 33,700 shares, a growth of 987.1% from the November 30th total of 3,100 shares. Based on an average daily volume of 137,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ETJ. Ameritas Advisory Services LLC increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% in the second quarter. Ameritas Advisory Services LLC now owns 18,506 shares of the company’s stock valued at $162,000 after buying an additional 1,278 shares in the last quarter. Sigma Planning Corp raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 4.5% during the third quarter. Sigma Planning Corp now owns 30,090 shares of the company’s stock worth $277,000 after purchasing an additional 1,285 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.3% during the second quarter. Ausdal Financial Partners Inc. now owns 85,884 shares of the company’s stock valued at $754,000 after purchasing an additional 2,763 shares during the last quarter. Centaurus Financial Inc. boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.4% in the 3rd quarter. Centaurus Financial Inc. now owns 70,268 shares of the company’s stock valued at $647,000 after purchasing an additional 3,610 shares during the period. Finally, First Heartland Consultants Inc. boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.2% in the 3rd quarter. First Heartland Consultants Inc. now owns 94,197 shares of the company’s stock valued at $868,000 after purchasing an additional 5,476 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of ETJ traded up $0.04 during midday trading on Thursday, hitting $9.44. 67,191 shares of the stock traded hands, compared to its average volume of 154,253. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.56 and a 1-year high of $9.60. The business’s 50 day moving average price is $9.28 and its two-hundred day moving average price is $9.07.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.0651 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.28%.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.