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

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

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

NYSE:ETJ traded up $0.07 during mid-day trading on Friday, reaching $8.19. The stock had a trading volume of 213,592 shares, compared to its average volume of 182,209. The stock has a 50-day simple moving average of $8.34 and a two-hundred day simple moving average of $8.02. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12 month low of $7.20 and a 12 month high of $8.47.

Eaton Vance Risk-Managed Diversified Equity Income Fund Increases Dividend

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 238,797 shares of the company’s stock worth $1,994,000 after buying an additional 7,664 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 795,177 shares of the company’s stock worth $6,640,000 after buying an additional 164,574 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the first quarter worth $217,000. Global Assets Advisory LLC grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 651.5% in the first quarter. Global Assets Advisory LLC now owns 112,725 shares of the company’s stock worth $941,000 after purchasing an additional 97,725 shares during the last quarter. Finally, Centaurus Financial Inc. grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% in the fourth quarter. Centaurus Financial Inc. now owns 53,682 shares of the company’s stock worth $421,000 after purchasing an additional 1,367 shares during the last quarter.

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.