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:ETJGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 49,100 shares, a growth of 312.6% from the May 15th total of 11,900 shares. Based on an average daily trading volume, of 168,400 shares, the short-interest ratio is presently 0.3 days.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the first quarter valued at about $42,000. Avantax Advisory Services Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter worth approximately $78,000. Atria Wealth Solutions Inc. purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the third quarter worth approximately $90,000. Kestra Advisory Services LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter valued at approximately $95,000. Finally, Weiss Asset Management LP purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth approximately $119,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.1 %

ETJ traded down $0.01 during trading hours on Friday, hitting $8.75. The stock had a trading volume of 46,954 shares, compared to its average volume of 167,358. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.20 and a 1 year high of $8.80. The company’s fifty day simple moving average is $8.44 and its 200 day simple moving average is $8.21.

Eaton Vance Risk-Managed Diversified Equity Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.78 annualized dividend and a dividend yield of 8.91%.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

(Get Free Report)

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.

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