Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Down 0.9% – What’s Next?

Shares of Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) were down 0.9% during mid-day trading on Thursday . The company traded as low as $10.56 and last traded at $10.5860. Approximately 23,342 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 37,036 shares. The stock had previously closed at $10.68.

Eaton Vance Short Duration Diversified Income Fund Trading Down 0.3%

The business has a fifty day moving average of $10.73 and a 200 day moving average of $10.80.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0738 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

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

Several institutional investors and hedge funds have recently modified their holdings of EVG. CoreCap Advisors LLC boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% during the 2nd quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock worth $54,000 after buying an additional 1,400 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the fourth quarter worth approximately $103,000. Dynamic Advisor Solutions LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter valued at $109,000. Raymond James Financial Inc. acquired a new position in Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter valued at $177,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Eaton Vance Short Duration Diversified Income Fund during the fourth quarter worth $259,000.

About Eaton Vance Short Duration Diversified Income Fund

The Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) is a non-diversified, closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in a global portfolio of fixed-income securities. Under normal market conditions, at least 80% of the fund’s assets are allocated to debt obligations, including investment-grade corporate bonds, high-yield instruments and sovereign, mortgage- and asset-backed securities. The fund’s focus on short-duration issues—generally those with maturities of less than five years—aims to mitigate interest rate risk while capturing income opportunities across diverse market segments.

EVG is actively managed by Eaton Vance Management, a subsidiary of Morgan Stanley Wealth Management, utilizing rigorous credit research and sector analysis to identify undervalued and mispriced debt instruments.