Short Interest in Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Rises By 109.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 109,068 shares, a growth of 109.8% from the June 30th total of 51,997 shares. Based on an average daily volume of 117,755 shares, the days-to-cover ratio is currently 0.9 days.

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

ETJ traded down $0.04 during midday trading on Tuesday, hitting $8.33. The company had a trading volume of 173,545 shares, compared to its average volume of 151,630. The stock’s 50 day moving average price is $8.37 and its 200 day moving average price is $8.48. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $7.88 and a 52 week high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.0651 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.6% in the fourth quarter. Advisory Services Network LLC now owns 85,908 shares of the company’s stock worth $758,000 after acquiring an additional 1,353 shares in the last quarter. Western Wealth Management LLC increased its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% during the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after acquiring an additional 1,367 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 55.8% during the second quarter. Geneos Wealth Management Inc. now owns 3,855 shares of the company’s stock worth $35,000 after purchasing an additional 1,380 shares during the period. Arlington Capital Management Inc. raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% during the first quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock worth $293,000 after purchasing an additional 1,725 shares during the period. Finally, Centaurus Financial Inc. lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 2.6% in the 3rd quarter. Centaurus Financial Inc. now owns 70,080 shares of the company’s stock worth $630,000 after purchasing an additional 1,762 shares in the last quarter.

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.