Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Short Interest Update

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 51,804 shares, a decrease of 53.9% from the July 30th total of 112,370 shares. Based on an average daily volume of 117,688 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 5.9% in the third quarter. Raymond James Financial Inc. now owns 1,810,277 shares of the company’s stock valued at $16,274,000 after purchasing an additional 101,577 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 3.2% during the fourth quarter. Osaic Holdings Inc. now owns 1,229,160 shares of the company’s stock valued at $10,841,000 after buying an additional 38,595 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 20.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,088,860 shares of the company’s stock valued at $9,604,000 after buying an additional 184,721 shares in the last quarter. Invesco Ltd. raised its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.8% during the third quarter. Invesco Ltd. now owns 1,028,897 shares of the company’s stock valued at $9,250,000 after buying an additional 116,366 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Eaton Vance Risk-Managed Diversified Equity Income Fund by 19.4% during the fourth quarter. Advisors Asset Management Inc. now owns 438,453 shares of the company’s stock valued at $3,867,000 after buying an additional 71,237 shares during the period.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.1%

ETJ traded down $0.01 during trading on Monday, reaching $8.50. The company had a trading volume of 126,959 shares, compared to its average volume of 145,445. The firm’s 50-day simple moving average is $8.40 and its 200 day simple moving average is $8.42. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.88 and a 12-month high of $9.11.

Eaton Vance Risk-Managed Diversified Equity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.0651 dividend. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Friday, August 14th.

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.