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

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 28,800 shares, a growth of 29.1% from the January 15th total of 22,300 shares. Based on an average daily trading volume, of 41,100 shares, the days-to-cover ratio is presently 0.7 days.

Eaton Vance Short Duration Diversified Income Fund Price Performance

Shares of Eaton Vance Short Duration Diversified Income Fund stock traded down $0.04 during trading on Friday, hitting $11.17. 5,343 shares of the company were exchanged, compared to its average volume of 40,971. Eaton Vance Short Duration Diversified Income Fund has a 1-year low of $10.29 and a 1-year high of $11.45. The firm’s fifty day moving average price is $11.06 and its 200 day moving average price is $11.12.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.074 per share. This is a positive change from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a dividend yield of 7.95%. The ex-dividend date of this dividend is Friday, February 14th.

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

Institutional investors have recently modified their holdings of the stock. Capital Market Strategies LLC grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 7.2% during the 4th quarter. Capital Market Strategies LLC now owns 20,260 shares of the company’s stock worth $221,000 after buying an additional 1,365 shares during the period. FSA Advisors Inc. grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 11.7% in the 3rd quarter. FSA Advisors Inc. now owns 19,770 shares of the company’s stock valued at $221,000 after purchasing an additional 2,072 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the 4th quarter valued at approximately $244,000. Stifel Financial Corp grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 10.0% in the 3rd quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock valued at $247,000 after purchasing an additional 2,011 shares during the period. Finally, Shaker Financial Services LLC grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 14.3% in the 3rd quarter. Shaker Financial Services LLC now owns 39,473 shares of the company’s stock valued at $441,000 after purchasing an additional 4,951 shares during the period.

About Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Short Duration Diversified Income Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, bank deposits denominated in foreign currencies, debt obligations of foreign governmental and corporate issuers, and mortgage-backed securities.