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 target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 46,100 shares, a growth of 36.8% from the December 31st total of 33,700 shares. Based on an average trading volume of 136,200 shares, the days-to-cover ratio is currently 0.3 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.9 %

Shares of ETJ opened at $9.13 on Thursday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.95 and a fifty-two week high of $9.60. The stock has a fifty day moving average of $9.28 and a two-hundred day moving average of $9.14.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0651 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.78 annualized dividend and a dividend yield of 8.56%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETJ. Strategic Financial Concepts LLC lifted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 764.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 242,991 shares of the company’s stock valued at $2,262,000 after purchasing an additional 214,891 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in 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 buying an additional 32,303 shares in the last quarter. FLC Capital Advisors purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth approximately $104,000. Stifel Financial Corp increased its position 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 acquiring an additional 15,497 shares in the last quarter. Finally, Centaurus Financial Inc. raised its stake 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 acquiring an additional 3,610 shares during the period.

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.