Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Up 102.8% in August

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 105,055 shares, a growth of 102.8% from the August 15th total of 51,804 shares. Based on an average trading volume of 94,509 shares, the short-interest ratio is presently 1.1 days.

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

Shares of ETJ traded up $0.04 during mid-day trading on Wednesday, reaching $8.21. The company had a trading volume of 22,582 shares, compared to its average volume of 143,709. The company’s 50-day moving average is $8.42 and its 200-day moving average is $8.39. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.88 and a twelve month high of $9.10.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.0651 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Private Advisor Group LLC increased its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.0% during the 1st quarter. Private Advisor Group LLC now owns 134,957 shares of the company’s stock valued at $1,103,000 after purchasing an additional 6,395 shares in the last quarter. Calamos Advisors LLC lifted 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 worth $1,095,000 after buying an additional 15,950 shares in the last quarter. First Heartland Consultants Inc. lifted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% during the second quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock worth $1,068,000 after purchasing an additional 3,905 shares in the last quarter. Royal Bank of Canada boosted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% in the 1st quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock valued at $951,000 after buying an additional 4,183 shares during the last quarter. Finally, PMG Family Office LLC raised its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 6.4% during the first quarter. PMG Family Office LLC now owns 101,258 shares of the company’s stock worth $827,000 after acquiring an additional 6,100 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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.