Adams Diversified Equity Fund Incorporated (NYSE:ADX) Shorts Decreased by 0.74% After Short Covering


The stock of Adams Diversified Equity Fund Incorporated (NYSE:ADX) registered a decrease of 0.74% in short interest. ADX’s total short interest was 627,200 shares in September as published by FINRA. Its down 0.74% from 631,900 shares, reported previously. With 143,200 shares average volume, it will take short sellers 4 days to cover their ADX’s short positions. The short interest to Adams Diversified Equity Fund Incorporated’s float is 0.67%. About 95,884 shares traded hands. Adams Diversified Equity Fund Inc (NYSE:ADX) has risen 14.61% since February 8, 2016 and is uptrending. It has underperformed by 1.88% the S&P500.

Adams Diversified Equity Fund, Inc. , formerly The Adams Express Company, is a diversified, closed-end equity investment company. The company has a market cap of $1.26 billion. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. It currently has negative earnings. The Fund invests approximately 80% of the Fund’s assets in equities, such as common stocks and securities convertible into common stocks.

The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.09, from 0.97 in 2016Q1. The ratio improved, as 10 funds sold all Adams Diversified Equity Fund Inc shares owned while 22 reduced positions. 7 funds bought stakes while 27 increased positions. They now own 20.43 million shares or 6.29% less from 21.80 million shares in 2016Q1.

Gramercy Funds Management Llc holds 8.89% of its portfolio in Adams Diversified Equity Fund Inc for 1.66 million shares. Blue Bell Private Wealth Management Llc owns 661,788 shares or 5.4% of their US portfolio. Moreover, Shaker Financial Services Llc has 5.1% invested in the company for 579,698 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 2.88% in the stock. Karpus Management Inc., a New York-based fund reported 3.55 million shares.

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