Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Up 2.1% – What’s Next?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) shot up 2.1% during trading on Friday. The company traded as high as $10.43 and last traded at $10.3640. Approximately 293,656 shares were traded during trading, an increase of 646% from the average session volume of 39,362 shares. The stock had previously closed at $10.15.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The firm’s 50 day simple moving average is $10.33 and its 200 day simple moving average is $10.59.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.0711 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.85 annualized dividend and a dividend yield of 8.2%. This is a decrease from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0730.

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

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in 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 worth $1,314,000 after purchasing an additional 40,781 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Eaton Vance Short Duration Diversified Income Fund during the first quarter valued at about $527,000. Post Resch Tallon Group Inc. grew its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 7.4% during the third quarter. Post Resch Tallon Group Inc. now owns 37,163 shares of the company’s stock valued at $369,000 after buying an additional 2,556 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the first quarter valued at about $269,000. Finally, Baird Financial Group Inc. increased its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 9.4% in the second quarter. Baird Financial Group Inc. now owns 11,650 shares of the company’s stock worth $126,000 after buying an additional 1,000 shares during the period.

About Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) is a closed-end investment fund managed by Eaton Vance Management, an investment-management firm that is part of Morgan Stanley Investment Management. The fund is designed to provide investors with current income while seeking to manage interest-rate and credit risk through a diversified, relatively short-duration portfolio.

EVG invests primarily in fixed-income securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, securitized credit instruments, government and agency securities, and debt issued by companies and governments in the United States and other countries.