Short Interest in Adams Diversified Equity Fund, Inc. (NYSE:ADX) Rises By 5.2%

Adams Diversified Equity Fund, Inc. (NYSE:ADX) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 659,800 shares, a growth of 5.2% from the November 15th total of 627,200 shares. Based on an average daily trading volume, of 258,600 shares, the days-to-cover ratio is presently 2.6 days.

Adams Diversified Equity Fund Stock Performance

Shares of NYSE:ADX traded down $0.10 on Tuesday, hitting $20.56. The company’s stock had a trading volume of 168,227 shares, compared to its average volume of 208,277. The company has a 50-day simple moving average of $21.51 and a 200 day simple moving average of $21.34. Adams Diversified Equity Fund has a 1 year low of $17.18 and a 1 year high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $7.84 annualized dividend and a yield of 38.13%.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the purchase, the director now directly owns 4,982 shares in the company, valued at approximately $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in Adams Diversified Equity Fund by 5.0% during the 2nd quarter. Creative Planning now owns 13,307 shares of the closed-end fund’s stock valued at $286,000 after acquiring an additional 633 shares during the period. Sage Capital Advisors llc lifted its position in Adams Diversified Equity Fund by 3.6% in the third quarter. Sage Capital Advisors llc now owns 25,402 shares of the closed-end fund’s stock valued at $548,000 after purchasing an additional 885 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Adams Diversified Equity Fund by 2.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 46,965 shares of the closed-end fund’s stock valued at $1,013,000 after purchasing an additional 950 shares during the period. Financial Counselors Inc. grew its holdings in shares of Adams Diversified Equity Fund by 2.1% in the third quarter. Financial Counselors Inc. now owns 46,965 shares of the closed-end fund’s stock worth $1,013,000 after purchasing an additional 950 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Adams Diversified Equity Fund by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 77,240 shares of the closed-end fund’s stock worth $1,660,000 after purchasing an additional 1,045 shares during the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

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.