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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 627,900 shares, a drop of 5.5% from the December 31st total of 664,700 shares. Based on an average trading volume of 278,300 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several institutional investors have recently modified their holdings of ADX. Waterfront Wealth Inc. grew its holdings in Adams Diversified Equity Fund by 3.5% in the 4th quarter. Waterfront Wealth Inc. now owns 394,480 shares of the closed-end fund’s stock worth $7,969,000 after buying an additional 13,161 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Adams Diversified Equity Fund by 64.9% in the fourth quarter. Wolverine Asset Management LLC now owns 50,089 shares of the closed-end fund’s stock worth $1,012,000 after purchasing an additional 19,722 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Adams Diversified Equity Fund by 353.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund’s stock valued at $2,915,000 after purchasing an additional 112,482 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of Adams Diversified Equity Fund by 1.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 35,519 shares of the closed-end fund’s stock valued at $717,000 after purchasing an additional 608 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Adams Diversified Equity Fund by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 129,903 shares of the closed-end fund’s stock valued at $2,624,000 after purchasing an additional 2,522 shares in the last quarter. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Trading Down 0.7 %

Shares of NYSE ADX traded down $0.14 during mid-day trading on Monday, hitting $20.36. The company had a trading volume of 303,041 shares, compared to its average volume of 354,907. Adams Diversified Equity Fund has a 12 month low of $18.33 and a 12 month high of $22.63. The firm’s 50 day simple moving average is $20.57 and its two-hundred day simple moving average is $21.12.

Adams Diversified Equity Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date is Monday, January 27th.

Adams Diversified Equity Fund Company Profile

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.