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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 642,500 shares, a decrease of 10.2% from the September 15th total of 715,700 shares. Based on an average daily volume of 233,100 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Hedge funds have recently made changes to their positions in the company. Creative Planning grew its stake in Adams Diversified Equity Fund by 5.0% during the second quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock worth $286,000 after buying an additional 633 shares during the last quarter. Capital Market Strategies LLC boosted its stake in shares of Adams Diversified Equity Fund by 3.3% in the 2nd quarter. Capital Market Strategies LLC now owns 24,248 shares of the closed-end fund’s stock valued at $521,000 after purchasing an additional 767 shares during the last quarter. Sage Capital Advisors llc grew its position in shares of Adams Diversified Equity Fund by 3.6% during the 3rd quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock worth $548,000 after buying an additional 885 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after buying an additional 950 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Adams Diversified Equity Fund by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock worth $1,660,000 after buying an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

NYSE:ADX traded up $0.07 during trading hours on Thursday, reaching $21.95. The company had a trading volume of 14,261 shares, compared to its average volume of 189,979. The stock has a 50-day moving average of $21.16 and a two-hundred day moving average of $20.71. Adams Diversified Equity Fund has a one year low of $15.81 and a one year high of $22.49.

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.