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)’s stock price was 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 traded hands during mid-day 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 Trading Up 2.1%

The company’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $10.59.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be 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 8.2%. The ex-dividend date of this dividend is Thursday, October 15th.

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 the company. Post Resch Tallon Group Inc. boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 7.4% in the 3rd quarter. Post Resch Tallon Group Inc. now owns 37,163 shares of the company’s stock worth $369,000 after purchasing an additional 2,556 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 9.4% during the 2nd quarter. Baird Financial Group Inc. now owns 11,650 shares of the company’s stock valued at $126,000 after buying an additional 1,000 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. CoreCap Advisors LLC raised its holdings 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 buying an additional 1,400 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund in the 1st quarter worth approximately $269,000.

Eaton Vance Short Duration Diversified Income Fund Company Profile

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.