Adams Diversified Equity Fund, Inc. (NYSE:ADX) Sees Large Drop in Short Interest

Adams Diversified Equity Fund, Inc. (NYSE:ADX - Get Free Report) saw a large drop in short interest in 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 trading volume of 278,300 shares, the days-to-cover ratio is currently 2.3 days.

Adams Diversified Equity Fund Trading Up 1.1 %

Adams Diversified Equity Fund stock traded up $0.24 during midday trading on Friday, reaching $20.94. The stock had a trading volume of 644,638 shares, compared to its average volume of 244,750. Adams Diversified Equity Fund has a 12 month low of $17.50 and a 12 month high of $22.63. The firm's 50-day moving average price is $20.84 and its 200 day moving average price is $21.21.

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 is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 8.98%.

Insider Activity at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of Adams Diversified Equity Fund stock in a transaction on 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 sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane Musser Nelson bought 1,155 shares of the business's stock in a transaction that occurred 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 acquisition, the director now owns 4,982 shares in the company, valued at $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 company insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its position in Adams Diversified Equity Fund by 16.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 190,537 shares of the closed-end fund's stock valued at $4,108,000 after acquiring an additional 26,936 shares during the period. Walleye Capital LLC purchased a new position in Adams Diversified Equity Fund in the third quarter worth about $721,000. Wolverine Asset Management LLC bought a new stake in Adams Diversified Equity Fund during the third quarter valued at approximately $655,000. Shaker Financial Services LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth $4,446,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Adams Diversified Equity Fund in the third quarter worth about $935,000. Hedge funds and other institutional investors own 28.41% of the company's stock.

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.