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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 627,900 shares, a decrease of 5.5% from the December 31st 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.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Large investors have recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $34,599,000. Landscape Capital Management L.L.C. grew its stake in shares of Adams Diversified Equity Fund by 2,789.5% during the third quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after buying an additional 398,729 shares during the last quarter. Shaker Financial Services LLC purchased a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $4,446,000. Bensler LLC lifted its stake in shares of Adams Diversified Equity Fund by 19.5% in the 4th quarter. Bensler LLC now owns 697,217 shares of the closed-end fund’s stock valued at $14,084,000 after acquiring an additional 113,940 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in Adams Diversified Equity Fund by 353.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund’s stock valued at $2,915,000 after acquiring an additional 112,482 shares during the period. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Price Performance

ADX stock opened at $20.36 on Tuesday. The firm has a 50 day simple moving average of $20.57 and a two-hundred day simple moving average of $21.12. Adams Diversified Equity Fund has a one year low of $18.33 and a one year high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, January 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 9.23%.

About Adams Diversified Equity Fund

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.