Short Interest in Adams Diversified Equity Fund, Inc. (NYSE:ADX) Decreases By 5.5%

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 627,900 shares, a decrease of 5.5% from the December 15th total of 664,700 shares. Based on an average trading volume of 278,300 shares, the days-to-cover ratio is presently 2.3 days.

Adams Diversified Equity Fund Price Performance

Shares of Adams Diversified Equity Fund stock opened at $20.94 on Friday. Adams Diversified Equity Fund has a 1 year low of $17.50 and a 1 year high of $22.63. The company’s fifty day moving average is $20.84 and its two-hundred day moving average is $21.22.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, January 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 8.98%. The ex-dividend date of this dividend is Monday, January 27th.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the sale, the director now owns 49,908 shares in the company, valued at $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Trading of Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its holdings in Adams Diversified Equity Fund by 16.5% in the third quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund’s stock valued at $4,108,000 after purchasing an additional 26,936 shares during the period. Walleye Capital LLC purchased a new stake in Adams Diversified Equity Fund during the third quarter worth approximately $721,000. Wolverine Asset Management LLC purchased a new stake in Adams Diversified Equity Fund during the third quarter worth approximately $655,000. Shaker Financial Services LLC purchased a new stake in Adams Diversified Equity Fund during the third quarter worth approximately $4,446,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Adams Diversified Equity Fund during the third quarter worth approximately $935,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.