Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Shares Up 1.2% – Here’s Why

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) shot up 1.2% on Tuesday . The stock traded as high as $10.78 and last traded at $10.68. Approximately 80,499 shares were traded during mid-day trading, an increase of 109% from the average daily volume of 38,482 shares. The stock had previously closed at $10.55.

Eaton Vance Short Duration Diversified Income Fund Stock Down 0.4%

The stock’s 50 day moving average is $10.69 and its 200 day moving average is $10.73.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.0732 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 8.3%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EVG. Cetera Investment Advisers grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 49.6% during the first quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock valued at $1,314,000 after purchasing an additional 40,781 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 4th quarter worth approximately $103,000. Wells Fargo & Company MN boosted its position in Eaton Vance Short Duration Diversified Income Fund by 11.7% during the 4th quarter. Wells Fargo & Company MN now owns 49,102 shares of the company’s stock valued at $536,000 after purchasing an additional 5,161 shares during the period. Raymond James Financial Inc. boosted its position in Eaton Vance Short Duration Diversified Income Fund by 7.4% during the 3rd quarter. Raymond James Financial Inc. now owns 17,232 shares of the company’s stock valued at $195,000 after purchasing an additional 1,189 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Eaton Vance Short Duration Diversified Income Fund by 42.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 35,964 shares of the company’s stock valued at $407,000 after purchasing an additional 10,640 shares during the period.

Eaton Vance Short Duration Diversified Income Fund Company Profile

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.