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

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

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in ADX. World Investment Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth approximately $34,599,000. Landscape Capital Management L.L.C. boosted its holdings in Adams Diversified Equity Fund by 2,789.5% in 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 in the last quarter. Shaker Financial Services LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter worth $4,446,000. Bensler LLC increased its holdings in shares of Adams Diversified Equity Fund by 19.5% during the fourth 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 in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in shares of Adams Diversified Equity Fund by 353.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 144,314 shares of the closed-end fund's stock worth $2,915,000 after purchasing an additional 112,482 shares during the last quarter. Institutional investors own 28.41% of the company's stock.

Adams Diversified Equity Fund Stock Performance

Shares of ADX stock traded up $0.07 during mid-day trading on Wednesday, reaching $20.60. 254,496 shares of the company's stock traded hands, compared to its average volume of 345,122. The company's 50-day moving average price is $20.56 and its 200-day moving average price is $21.10. Adams Diversified Equity Fund has a 12 month low of $18.33 and a 12 month high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date of this dividend is Monday, January 27th.

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.