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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 35,542 shares, a drop of 43.8% from the April 15th total of 63,219 shares. Based on an average trading volume of 141,454 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Eaton Vance Risk-Managed Diversified Equity Income Fund

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% during the 1st quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock valued at $951,000 after purchasing an additional 4,183 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at about $98,000. Independent Financial Group LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at about $712,000. Calamos Advisors LLC grew its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock valued at $1,095,000 after purchasing an additional 15,950 shares during the last quarter. Finally, Procyon Advisors LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at about $104,000.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 0.4%

Shares of Eaton Vance Risk-Managed Diversified Equity Income Fund stock traded down $0.04 during trading on Monday, hitting $8.24. The company’s stock had a trading volume of 147,241 shares, compared to its average volume of 163,522. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $7.88 and a 52 week high of $9.11. The company has a fifty day simple moving average of $8.34 and a two-hundred day simple moving average of $8.63.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.0651 per share. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Friday, May 15th.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end management investment company launched in November 2008 and managed by Eaton Vance Advisors, a subsidiary of Morgan Stanley. The fund’s primary objective is to provide a high level of monthly distributable income with an element of capital preservation. It seeks to achieve this through a diversified portfolio of equity securities combined with a systematic option overlay strategy.

The core equity allocation is invested primarily in dividend-paying common stocks of large- and mid-cap companies across a range of sectors, including financials, technology, industrials and consumer staples.