Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Sees Large Growth 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 volume of 41,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Eaton Vance Short Duration Diversified Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Advisors Inc. lifted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 11.7% in the third quarter. FSA Advisors Inc. now owns 19,770 shares of the company’s stock worth $221,000 after buying an additional 2,072 shares in the last quarter. Capital Market Strategies LLC raised its holdings 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 acquiring an additional 1,365 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock valued at $247,000 after acquiring an additional 2,011 shares during the last quarter. Tallon Kerry Patrick purchased a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the fourth quarter valued at $244,000. Finally, Shaker Financial Services LLC grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 14.3% in the third 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 in the last quarter.

Eaton Vance Short Duration Diversified Income Fund Stock Down 0.3 %

NYSE EVG traded down $0.04 during trading hours on Friday, reaching $11.17. The company’s stock had a trading volume of 5,343 shares, 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 50-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. Investors 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 7.95%.

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.