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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 23,200 shares, an increase of 186.4% from the February 28th total of 8,100 shares. Based on an average daily volume of 161,400 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 1.3 %

ETJ opened at $8.47 on Friday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12 month low of $8.10 and a 12 month high of $9.60. The business’s 50-day moving average price is $8.95 and its 200-day moving average price is $9.15.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.0651 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.78 dividend on an annualized basis and a yield of 9.23%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 28.9% in the third quarter. Stifel Financial Corp now owns 69,091 shares of the company’s stock worth $636,000 after purchasing an additional 15,497 shares during the last quarter. FLC Capital Advisors purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter valued at approximately $104,000. Janney Montgomery Scott LLC raised its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 471,557 shares of the company’s stock valued at $4,390,000 after acquiring an additional 32,303 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 764.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 242,991 shares of the company’s stock worth $2,262,000 after acquiring an additional 214,891 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at $192,000.

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.