Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Decreases By 83.3%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 8,100 shares, a decrease of 83.3% from the February 13th total of 48,400 shares. Based on an average daily volume of 154,000 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of ETJ stock traded down $0.12 during midday trading on Thursday, hitting $8.52. 174,794 shares of the company were exchanged, compared to its average volume of 169,767. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $8.10 and a 52 week high of $9.60. The firm’s 50 day moving average price is $9.10 and its two-hundred day moving average price is $9.18.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0651 dividend. This represents a $0.78 annualized dividend and a dividend yield of 9.16%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Large investors have recently made changes to their positions in the company. First Heartland Consultants Inc. grew its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 9.2% in the fourth quarter. First Heartland Consultants Inc. now owns 102,872 shares of the company’s stock valued at $958,000 after acquiring an additional 8,675 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at approximately $109,000. Global Assets Advisory LLC boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 34.8% in the fourth quarter. Global Assets Advisory LLC now owns 19,350 shares of the company’s stock valued at $179,000 after buying an additional 5,000 shares during the period. Bank of America Corp DE boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.9% in the fourth quarter. Bank of America Corp DE now owns 166,175 shares of the company’s stock valued at $1,547,000 after buying an additional 3,033 shares during the period. Finally, Two Sigma Securities LLC bought a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth $175,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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.