Adams Diversified Equity Fund, Inc. (NYSE:ADX) Short Interest Update

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 627,200 shares, a decrease of 9.9% from the October 31st total of 695,800 shares. Based on an average trading volume of 254,700 shares, the short-interest ratio is currently 2.5 days.

Adams Diversified Equity Fund Stock Down 0.1 %

Shares of NYSE ADX traded down $0.02 during mid-day trading on Tuesday, hitting $20.66. The company had a trading volume of 231,549 shares, compared to its average volume of 345,921. Adams Diversified Equity Fund has a 12 month low of $16.92 and a 12 month high of $22.63. The business’s 50-day simple moving average is $21.63 and its 200-day simple moving average is $21.31.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.95%. The ex-dividend date is Friday, November 22nd.

Insider Activity

In related news, Director Jane Musser Nelson purchased 1,155 shares of Adams Diversified Equity Fund stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the sale, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADX. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund during the third quarter worth about $34,599,000. Landscape Capital Management L.L.C. raised its holdings in shares of Adams Diversified Equity Fund by 2,789.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after buying an additional 398,729 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $4,446,000. Cetera Investment Advisers acquired a new stake in Adams Diversified Equity Fund in the 1st quarter valued at $2,679,000. Finally, Sanctuary Advisors LLC bought a new stake in Adams Diversified Equity Fund in the second quarter valued at $2,336,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

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.