Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Shares Shorted: Short Interest Down 73.8% in October

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) was the target of a large 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 trading volume of 143,672 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Down 0.5%

Eaton Vance Risk-Managed Diversified Equity Income Fund stock traded down $0.04 during midday trading on Friday, reaching $7.74. The stock had a trading volume of 112,788 shares, compared to its average volume of 149,613. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.61 and a twelve month high of $8.99. The firm’s fifty day simple moving average is $8.08 and its two-hundred day simple moving average is $8.35.

Eaton Vance Risk-Managed Diversified Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.0651 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 10.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the third quarter valued at $3,912,000. Independent Financial Group LLC purchased a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the 1st quarter worth about $712,000. Oppenheimer & Co. Inc. acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter worth about $155,000. Calamos Advisors LLC boosted 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 acquiring an additional 15,950 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 3rd quarter valued at about $108,000.

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, 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.