Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 186.4% in March

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 23,200 shares, a growth of 186.4% from the February 28th total of 8,100 shares. Based on an average daily volume of 161,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ETJ. FLC Capital Advisors purchased a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter valued at $104,000. Vista Investment Partners II LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter valued at about $106,000. Waverly Advisors LLC bought a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the fourth quarter worth about $109,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 26.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,864 shares of the company’s stock worth $157,000 after purchasing an additional 3,533 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter valued at about $175,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Eaton Vance Risk-Managed Diversified Equity Income Fund stock opened at $8.47 on Friday. The business has a 50-day simple moving average of $8.95 and a 200 day simple moving average of $9.15. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $8.10 and a 52 week high of $9.60.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors 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 9.23%. The ex-dividend date of this dividend is Friday, March 14th.

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.