Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Sees Significant Drop in Short Interest

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 8,100 shares, a drop of 83.3% from the February 13th total of 48,400 shares. Based on an average trading 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 up $0.09 on Wednesday, hitting $8.66. 125,320 shares of the stock traded hands, compared to its average volume of 169,104. The company’s fifty day moving average is $9.11 and its 200 day moving average is $9.18. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $8.10 and a 1-year high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0651 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.78 annualized dividend and a yield of 9.02%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ETJ. Raymond James Financial Inc. bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth about $13,750,000. Guggenheim Capital LLC increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 30.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,308,364 shares of the company’s stock valued at $12,181,000 after purchasing an additional 307,479 shares during the period. LPL Financial LLC boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.4% during the fourth quarter. LPL Financial LLC now owns 906,273 shares of the company’s stock worth $8,437,000 after buying an additional 21,132 shares during the period. Invesco Ltd. boosted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 4.2% during the fourth quarter. Invesco Ltd. now owns 834,656 shares of the company’s stock worth $7,771,000 after buying an additional 33,829 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 471,557 shares of the company’s stock worth $4,390,000 after buying an additional 32,303 shares in the last quarter.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.