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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the recipient of a large increase in short interest in 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 trading volume, of 258,600 shares, the days-to-cover ratio is presently 2.6 days.

Insiders Place Their Bets

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

Institutional Trading of Adams Diversified Equity Fund

A number of large investors have recently bought and sold shares of ADX. Advisors Asset Management Inc. lifted its stake in Adams Diversified Equity Fund by 16.5% in 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 in the last quarter. Walleye Capital LLC acquired a new position in Adams Diversified Equity Fund during the third quarter worth $721,000. Prevail Innovative Wealth Advisors LLC boosted its holdings in Adams Diversified Equity Fund by 12.2% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 219,849 shares of the closed-end fund’s stock worth $4,725,000 after purchasing an additional 23,971 shares during the last quarter. Providence Wealth Advisors LLC bought a new position in Adams Diversified Equity Fund in the second quarter valued at $2,126,000. Finally, Wolverine Asset Management LLC bought a new stake in Adams Diversified Equity Fund during the 3rd quarter worth about $655,000. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Price Performance

Shares of ADX stock opened at $20.49 on Monday. Adams Diversified Equity Fund has a 12-month low of $17.18 and a 12-month high of $22.63. The firm has a fifty day moving average of $21.52 and a 200-day moving average of $21.33.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.26%. The ex-dividend date of this dividend is Friday, November 22nd.

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.