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

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 39,000 shares, a decrease of 32.4% from the February 28th total of 57,700 shares. Based on an average daily trading volume, of 41,600 shares, the days-to-cover ratio is presently 0.9 days.

Eaton Vance Short Duration Diversified Income Fund Price Performance

EVG stock traded down $0.01 during midday trading on Monday, hitting $10.98. The stock had a trading volume of 59,972 shares, compared to its average volume of 38,705. The business has a fifty day moving average price of $11.09 and a two-hundred day moving average price of $11.12. Eaton Vance Short Duration Diversified Income Fund has a 1-year low of $10.29 and a 1-year high of $11.45.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0743 per share. This is a positive change from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07. The ex-dividend date is Friday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 8.12%.

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

Several large investors have recently added to or reduced their stakes in EVG. 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. Tallon Kerry Patrick bought a new position in Eaton Vance Short Duration Diversified Income Fund during the fourth quarter worth $244,000. Stifel Financial Corp boosted its stake in Eaton Vance Short Duration Diversified Income Fund by 10.0% during the third quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock worth $247,000 after acquiring an additional 2,011 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Eaton Vance Short Duration Diversified Income Fund by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 52,719 shares of the company’s stock worth $576,000 after purchasing an additional 9,116 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Eaton Vance Short Duration Diversified Income Fund by 1.7% in the fourth quarter. Guggenheim Capital LLC now owns 79,689 shares of the company’s stock valued at $870,000 after purchasing an additional 1,312 shares in the last quarter.

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.