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

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

Adams Diversified Equity Fund Price Performance

NYSE:ADX opened at $20.94 on Friday. Adams Diversified Equity Fund has a 12 month low of $17.50 and a 12 month high of $22.63. The company’s 50 day moving average is $20.84 and its 200-day moving average is $21.22.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 8.98%.

Insider Transactions at Adams Diversified Equity Fund

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

Institutional Investors Weigh In On Adams Diversified Equity Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in Adams Diversified Equity Fund during the 3rd quarter worth about $30,000. Sunbelt Securities Inc. boosted its holdings in shares of Adams Diversified Equity Fund by 23,200.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after buying an additional 2,552 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $62,000. Kingsview Wealth Management LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $238,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter valued at approximately $248,000. 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.