Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Shares Shorted: Short Interest Up 77.7% in October

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

Eaton Vance Short Duration Diversified Income Fund Trading Down 0.5%

EVG traded down $0.06 during trading on Tuesday, hitting $10.43. The company’s stock had a trading volume of 12,616 shares, compared to its average volume of 39,665. Eaton Vance Short Duration Diversified Income Fund has a 12 month low of $9.77 and a 12 month high of $11.30. The firm’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $10.65.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.0713 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is a boost from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0711. This represents a $0.86 dividend on an annualized basis and a yield of 8.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund during the 3rd quarter worth about $620,000. Calamos Advisors LLC acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 1st quarter worth about $527,000. Cetera Investment Advisers grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 49.6% in the 1st quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock valued at $1,314,000 after acquiring an additional 40,781 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the 1st quarter valued at about $269,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter valued at about $109,000.

About Eaton Vance Short Duration Diversified Income Fund

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.