Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Down 50.4% in June

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 51,997 shares, a decrease of 50.4% from the June 15th total of 104,811 shares. Based on an average daily trading volume, of 151,370 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.3%

Shares of NYSE:ETJ traded up $0.02 during trading on Thursday, reaching $8.47. 141,549 shares of the company traded hands, compared to its average volume of 153,917. The firm has a fifty day simple moving average of $8.37 and a 200 day simple moving average of $8.50. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.88 and a 1-year high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0651 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Wednesday, July 15th.

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

A number of institutional investors have recently bought and sold shares of the company. First Heartland Consultants Inc. lifted its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 129,146 shares of the company’s stock worth $1,068,000 after acquiring an additional 3,905 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 39.8% in the second quarter. CoreCap Advisors LLC now owns 7,025 shares of the company’s stock valued at $58,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC increased its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.6% in the first quarter. Western Wealth Management LLC now owns 25,915 shares of the company’s stock worth $212,000 after purchasing an additional 1,367 shares during the period. Royal Bank of Canada increased 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 purchasing an additional 4,183 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new position in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter worth about $98,000.

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.