Is Buying Adams Diversified Equity Fund Inc (NYSE:ADX), Having Higher Short Interest a Winning Strategy?

June 17, 2018 - By Ellis Scott

Adams Diversified Equity Fund, Inc. (NYSE:ADX) Logo

Investors sentiment decreased to 0.94 in Q1 2018. Its down 0.39, from 1.33 in 2017Q4. It turned negative, as 9 investors sold Adams Diversified Equity Fund, Inc. shares while 23 reduced holdings. 10 funds opened positions while 20 raised stakes. 18.84 million shares or 1.04% less from 19.03 million shares in 2017Q4 were reported.
Tower Rech Capital Limited Liability Company (Trc) holds 3,041 shares or 0% of its portfolio. Stifel Fincl Corp reported 79,715 shares. City Of London Inv Mngmt holds 0.22% of its portfolio in Adams Diversified Equity Fund, Inc. (NYSE:ADX) for 217,120 shares. Brinker accumulated 0.11% or 198,587 shares. Thomas J Herzfeld Advsrs reported 2.84% of its portfolio in Adams Diversified Equity Fund, Inc. (NYSE:ADX). Stevens First Principles Invest Advsrs reported 10,400 shares stake. Raymond James And holds 0.03% of its portfolio in Adams Diversified Equity Fund, Inc. (NYSE:ADX) for 1.31 million shares. 1832 Asset Ltd Partnership reported 385,000 shares. 593,971 were accumulated by Dubuque Savings Bank Trust Commerce. Millennium Ltd Liability Com accumulated 17,423 shares. Da Davidson And has invested 0.03% of its portfolio in Adams Diversified Equity Fund, Inc. (NYSE:ADX). Guggenheim Ltd Liability Com holds 53,825 shares or 0% of its portfolio. Walleye Trading Lc invested in 17,200 shares. Salem Inv Counselors has 0% invested in Adams Diversified Equity Fund, Inc. (NYSE:ADX) for 1,555 shares. Moreover, Rmb Capital Lc has 0.01% invested in Adams Diversified Equity Fund, Inc. (NYSE:ADX) for 22,032 shares.

Since December 31, 2017, it had 1 insider purchase, and 1 insider sale for $85,097 activity. $100,997 worth of stock was sold by SMITH CRAIG R on Wednesday, May 30.

The stock of Adams Diversified Equity Fund Inc (NYSE:ADX) registered an increase of 1.08% in short interest. ADX’s total short interest was 626,600 shares in June as published by FINRA. Its up 1.08% from 619,900 shares, reported previously. With 187,100 shares average volume, it will take short sellers 3 days to cover their ADX’s short positions. The short interest to Adams Diversified Equity Fund Inc’s float is 0.66%.

The stock decreased 0.25% or $0.04 during the last trading session, reaching $15.7. About 131,569 shares traded. Adams Diversified Equity Fund, Inc. (NYSE:ADX) has risen 16.13% since June 17, 2017 and is uptrending. It has outperformed by 3.56% the S&P500.

Adams Diversified Equity Fund, Inc. is a self-managed investment trust. The company has market cap of $1.60 billion. The firm invests in the public equity markets of the United States. It has a 4.27 P/E ratio. It invests in stocks of large-cap companies across diversified sectors to make its investments.

Another recent and important Adams Diversified Equity Fund, Inc. (NYSE:ADX) news was published by Equitiesfocus.com which published an article titled: “Insider Selling: Adams Diversified Equity Fund Inc (NYSE:ADX) Director Sells 6666 Shares of Stock” on June 07, 2018.

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