Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Sees Significant Increase in Short Interest

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 134,827 shares, an increase of 77.7% from the September 30th total of 75,875 shares. Based on an average daily trading volume, of 47,129 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On Eaton Vance Short Duration Diversified Income Fund

A number of large investors have recently added to or reduced their stakes in EVG. Baird Financial Group Inc. lifted its stake in Eaton Vance Short Duration Diversified Income Fund by 9.4% during the second quarter. Baird Financial Group Inc. now owns 11,650 shares of the company’s stock worth $126,000 after purchasing an additional 1,000 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% during the 2nd quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock valued at $54,000 after purchasing an additional 1,400 shares during the last quarter. Post Resch Tallon Group Inc. raised its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 7.4% during the 3rd 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 in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 2nd quarter valued at about $109,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 1st quarter valued at about $269,000.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

Shares of Eaton Vance Short Duration Diversified Income Fund stock traded down $0.06 on Monday, hitting $10.50. 29,499 shares of the company traded hands, compared to its average volume of 39,840. The firm’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $10.65. Eaton Vance Short Duration Diversified Income Fund has a 12-month low of $9.77 and a 12-month high of $11.30.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a $0.0711 dividend. This is a drop from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0730. This represents a $0.85 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Thursday, October 15th.

Eaton Vance Short Duration Diversified Income Fund Company Profile

Eaton Vance Short Duration Diversified Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol EVG. The fund seeks to provide current income while maintaining a relatively short duration profile and pursuing capital preservation as a secondary objective.

The fund invests in a diversified portfolio of income-producing debt securities and other fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-backed and asset-backed securities, and debt issued by governments or companies in the United States and other countries.