Adams Diversified Equity Fund, Inc. (NYSE:ADX) Short Interest Update

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

Insider Buying and Selling

In other news, Director Jane Musser Nelson bought 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the acquisition, the director now owns 4,982 shares of the company's stock, valued at $108,059.58. The trade was a 30.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund 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 transaction, the director now directly owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Institutional Trading of Adams Diversified Equity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new stake in Adams Diversified Equity Fund during the 3rd quarter valued at approximately $34,599,000. Landscape Capital Management L.L.C. boosted its position 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 worth $8,905,000 after acquiring an additional 398,729 shares during the last quarter. Shaker Financial Services LLC purchased a new position in Adams Diversified Equity Fund during the third quarter valued at $4,446,000. Sanctuary Advisors LLC purchased a new position in Adams Diversified Equity Fund during the second quarter valued at $2,336,000. Finally, Thrivent Financial for Lutherans bought a new stake in Adams Diversified Equity Fund in the 2nd quarter valued at $2,133,000. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Trading Up 0.8 %

Adams Diversified Equity Fund stock traded up $0.17 during mid-day trading on Monday, hitting $20.66. The stock had a trading volume of 312,008 shares, compared to its average volume of 208,443. The firm's 50 day moving average is $21.52 and its 200 day moving average is $21.33. Adams Diversified Equity Fund has a one year low of $17.18 and a one year high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.95%. The ex-dividend date is Friday, November 22nd.

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.