Adams Diversified Equity Fund, Inc. (NYSE:ADX – Get Rating) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 717,000 shares, an increase of 14.9% from the March 31st total of 623,900 shares. Based on an average daily trading volume, of 244,100 shares, the days-to-cover ratio is presently 2.9 days.
Adams Diversified Equity Fund Stock Up 0.1 %
Shares of ADX stock opened at $15.75 on Tuesday. The business's fifty day moving average price is $15.36 and its 200 day moving average price is $15.26. Adams Diversified Equity Fund has a 1-year low of $14.20 and a 1-year high of $17.54.
Get Adams Diversified Equity Fund alerts:Adams Diversified Equity Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 17th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in Adams Diversified Equity Fund by 487.0% in the third quarter. US Bancorp DE now owns 11,933 shares of the closed-end fund's stock valued at $174,000 after buying an additional 9,900 shares in the last quarter. Sage Capital Advisors llc grew its holdings in shares of Adams Diversified Equity Fund by 5.2% in the 4th quarter. Sage Capital Advisors llc now owns 22,781 shares of the closed-end fund's stock worth $331,000 after acquiring an additional 1,122 shares during the period. Kestra Advisory Services LLC increased its stake in Adams Diversified Equity Fund by 1.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 226,095 shares of the closed-end fund's stock valued at $3,294,000 after purchasing an additional 3,929 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Adams Diversified Equity Fund by 2.2% during the third quarter. D.A. Davidson & CO. now owns 138,699 shares of the closed-end fund's stock worth $2,021,000 after purchasing an additional 3,029 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC raised its holdings in Adams Diversified Equity Fund by 137.0% during the third quarter. Carolinas Wealth Consulting LLC now owns 9,860 shares of the closed-end fund's stock worth $144,000 after purchasing an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.
About Adams Diversified Equity Fund
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The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company's business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.
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