Adams Diversified Equity Fund, Inc. (NYSE:ADX) Sees Large Decline in Short Interest

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 627,900 shares, a decline of 5.5% from the December 31st total of 664,700 shares. Based on an average trading volume of 278,300 shares, the days-to-cover ratio is currently 2.3 days.

Adams Diversified Equity Fund Stock Down 0.7 %

Shares of Adams Diversified Equity Fund stock traded down $0.14 on Monday, reaching $20.36. 303,041 shares of the company were exchanged, compared to its average volume of 354,907. Adams Diversified Equity Fund has a fifty-two week low of $18.33 and a fifty-two week high of $22.63. The stock has a fifty day moving average price of $20.57 and a 200-day moving average price of $21.12.

Adams Diversified Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 9.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ADX. Advisors Asset Management Inc. boosted its position in Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock worth $4,108,000 after acquiring an additional 26,936 shares during the period. Walleye Capital LLC acquired a new stake in shares of Adams Diversified Equity Fund during the third quarter worth approximately $721,000. Wolverine Asset Management LLC purchased a new position in Adams Diversified Equity Fund during the third quarter valued at approximately $655,000. Shaker Financial Services LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at approximately $4,446,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Adams Diversified Equity Fund in the 3rd quarter worth approximately $935,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

About Adams Diversified Equity Fund

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.