Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Share Price Breaks Below 50 Day Moving Average – Time to Sell?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $10.28 and traded as low as $10.16. Eaton Vance Short Duration Diversified Income Fund shares last traded at $10.18, with a volume of 50,165 shares.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The firm’s fifty day moving average price is $10.25 and its 200-day moving average price is $10.62.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.0713 per share. The ex-dividend date is Monday, November 16th. This represents a $0.86 dividend on an annualized basis and a yield of 8.6%. This is an increase from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0711.

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

A number of institutional investors and hedge funds have recently bought and sold shares of EVG. Baird Financial Group Inc. boosted its stake 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 valued at $126,000 after purchasing an additional 1,000 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% during the second quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock worth $54,000 after purchasing an additional 1,400 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 6.7% in the third quarter. Calamos Advisors LLC now owns 35,695 shares of the company’s stock valued at $354,000 after buying an additional 2,232 shares during the period. Post Resch Tallon Group Inc. increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 7.4% in the third quarter. Post Resch Tallon Group Inc. now owns 37,163 shares of the company’s stock valued at $369,000 after buying an additional 2,556 shares during the period. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the second quarter valued at approximately $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.