Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Stock Short Interest Falls 73.8%

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 12,330 shares, a decrease of 73.8% from the October 15th total of 47,039 shares. Based on an average daily trading volume, of 143,672 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at $3,912,000. Calamos Advisors LLC lifted its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 133,982 shares of the company’s stock valued at $1,095,000 after acquiring 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% in the second quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock valued at $1,068,000 after acquiring an additional 3,905 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.7% in the first quarter. Royal Bank of Canada now owns 116,319 shares of the company’s stock worth $951,000 after acquiring an additional 4,183 shares during the period. Finally, PMG Family Office LLC boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 1.5% in the third quarter. PMG Family Office LLC now owns 110,165 shares of the company’s stock worth $900,000 after acquiring an additional 1,610 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 1.6%

Shares of NYSE:ETJ opened at $7.88 on Thursday. The stock has a 50 day moving average of $8.11 and a 200 day moving average of $8.36. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.61 and a 12-month high of $8.99.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a $0.0651 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Monday, November 16th.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm that is part of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of equity securities. ETJ uses an options-based, risk-managed strategy in conjunction with its equity investments. Its portfolio may include written call options and purchased put options, with the goal of generating income while helping to manage downside risk during periods of market volatility.