Short Interest Coverage: What’s in Adams Diversified Equity Fund Incorporated (NYSE:ADX) After Decline in Shorted Shares?

November 23, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Coverage: What’s in Adams Diversified Equity Fund Incorporated (NYSE:ADX) After Decline in Shorted Shares?

The stock of Adams Diversified Equity Fund Incorporated (NYSE:ADX) registered a decrease of 1.67% in short interest. ADX’s total short interest was 634,300 shares in November as published by FINRA. Its down 1.67% from 645,100 shares, reported previously. With 130,200 shares average volume, it will take short sellers 5 days to cover their ADX’s short positions. The short interest to Adams Diversified Equity Fund Incorporated’s float is 0.68%. About 71,471 shares traded hands. Adams Diversified Equity Fund Inc (NYSE:ADX) has declined 2.88% since April 21, 2016 and is downtrending. It has underperformed by 8.21% 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 $1.14 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.

Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.46, from 1.06 in 2016Q1. The ratio is positive, 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.
Hayek Kallen Mngmt last reported 0.1% of its portfolio in the stock. Lazard Asset Ltd Liability Corp accumulated 0.08% or 2.86 million shares. Royal Natl Bank Of Canada accumulated 375,153 shares or 0% of the stock. The Florida-based Raymond James Fincl Svcs Incorporated has invested 0.03% in Adams Diversified Equity Fund Inc (NYSE:ADX). Bb&T Corp holds 20,351 shares or 0.01% of its portfolio. Zuckerman Inv Group Inc Ltd Liability Co reported 49,130 shares or 0.17% of all its holdings. Css Limited Liability Il, a Illinois-based fund reported 27,442 shares. Washington Tru National Bank & Trust last reported 0.01% of its portfolio in the stock. Us Natl Bank De holds 0% of its portfolio in Adams Diversified Equity Fund Inc (NYSE:ADX) for 12,599 shares. Hightower Ltd has 0.01% invested in the company for 81,710 shares. Doliver Cap has 2.02% invested in the company for 186,364 shares. Tci Wealth Inc holds 5,040 shares or 0.04% of its portfolio. Farmers & Merchants Investments Incorporated owns 10,463 shares or 0.01% of their US portfolio. Dubuque National Bank has 0.96% invested in the company for 389,830 shares. Commonwealth Equity owns 204,056 shares or 0.02% of their US portfolio.

Insider Transactions: Since July 27, 2016, the stock had 1 buy, and 2 selling transactions for $273,114 net activity. 21,110 Adams Diversified Equity Fund Inc (NYSE:ADX) shares with value of $272,488 were sold by Stoeckle Mark E.. 13,500 Adams Diversified Equity Fund Inc (NYSE:ADX) shares with value of $175,986 were sold by Haynie James P..

ADX Company Profile

Adams Diversified Equity Fund, Inc., formerly The Adams Express Company, incorporated on February 10, 1976, is a diversified closed-end equity investment company. The Company’s holdings include Adams Natural Resources Fund, Microsoft Corp., General Electric Co., Pfizer Inc., PepsiCo, Inc., Oracle Corp., Procter & Gamble Co., Unilever plc, Genentech, Inc. and Exxon Mobil Corp.

More news for Adams Diversified Equity Fund Inc (NYSE:ADX) were recently published by: Prnewswire.com, which released: “Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its …” on November 10, 2016. Prnewswire.com‘s article titled: “Adams Diversified Equity Fund Reports Nine-Month Results” and published on October 13, 2016 is yet another important article.

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By Adrian Mccoy


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