Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading Down 0.9% – Should You Sell?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s share price fell 0.9% during trading on Thursday . The company traded as low as $10.56 and last traded at $10.5860. Approximately 23,342 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 37,036 shares. The stock had previously closed at $10.68.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The firm has a 50 day moving average of $10.73 and a two-hundred day moving average of $10.80.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.0738 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Hedge Funds Weigh In On Eaton Vance Short Duration Diversified Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of EVG. Post Resch Tallon Group Inc. boosted its holdings in Eaton Vance Short Duration Diversified Income Fund by 25.0% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 34,607 shares of the company’s stock valued at $373,000 after purchasing an additional 6,924 shares during the period. Dynamic Advisor Solutions LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 2nd quarter worth about $109,000. CoreCap Advisors LLC raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% during the second quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock valued at $54,000 after buying an additional 1,400 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the first quarter valued at about $269,000. Finally, Cetera Investment Advisers lifted its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 49.6% in the first quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock valued at $1,314,000 after buying an additional 40,781 shares during the period.

About Eaton Vance Short Duration Diversified Income Fund

The Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) is a non-diversified, closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in a global portfolio of fixed-income securities. Under normal market conditions, at least 80% of the fund’s assets are allocated to debt obligations, including investment-grade corporate bonds, high-yield instruments and sovereign, mortgage- and asset-backed securities. The fund’s focus on short-duration issues—generally those with maturities of less than five years—aims to mitigate interest rate risk while capturing income opportunities across diverse market segments.

EVG is actively managed by Eaton Vance Management, a subsidiary of Morgan Stanley Wealth Management, utilizing rigorous credit research and sector analysis to identify undervalued and mispriced debt instruments.