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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 189,876 shares, an increase of 80.7% from the August 31st total of 105,055 shares. Based on an average daily trading volume, of 127,392 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.4% during the second quarter. Baird Financial Group Inc. now owns 36,296 shares of the company’s stock worth $300,000 after purchasing an additional 1,195 shares in the last quarter. Western Wealth Management LLC raised its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the 1st quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock valued at $212,000 after buying an additional 1,367 shares during the period. Arlington Capital Management Inc. lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.1% during the 1st quarter. Arlington Capital Management Inc. now owns 35,843 shares of the company’s stock worth $293,000 after acquiring an additional 1,725 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% during the 2nd quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock worth $58,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 17.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 16,878 shares of the company’s stock valued at $140,000 after acquiring an additional 2,450 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Price Performance

ETJ stock traded up $0.01 during midday trading on Wednesday, hitting $8.20. 298,701 shares of the company’s stock were exchanged, compared to its average volume of 144,206. The business has a 50-day simple moving average of $8.38 and a two-hundred day simple moving average of $8.35. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.08.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0651 dividend. This represents a $0.78 annualized dividend and a yield of 9.5%. The ex-dividend date is Tuesday, September 15th.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.