Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Up 2.1% – Time to Buy?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s stock price rose 2.1% during trading on Friday. The stock traded as high as $10.43 and last traded at $10.3640. Approximately 293,656 shares changed 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 business’s 50-day moving average price is $10.33 and its 200 day moving average price is $10.59.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a dividend of $0.0711 per share. This is a negative change from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0730. This represents a $0.85 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 15th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised 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. Calamos Advisors LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund during the 1st quarter valued at about $527,000. Post Resch Tallon Group Inc. grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 25.0% during the second quarter. Post Resch Tallon Group Inc. now owns 34,607 shares of the company’s stock worth $373,000 after purchasing an additional 6,924 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the first quarter worth about $269,000. Finally, Baird Financial Group Inc. grew its holdings in shares of 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 in the last quarter.

About Eaton Vance Short Duration Diversified Income Fund

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.