Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Up 0.2% – Here’s What Happened

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) rose 0.2% during trading on Tuesday . The company traded as high as $10.87 and last traded at $10.86. Approximately 38,452 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 40,245 shares. The stock had previously closed at $10.84.

Eaton Vance Short Duration Diversified Income Fund Trading Up 0.5%

The stock’s fifty day moving average is $11.03 and its two-hundred day moving average is $11.11.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.0751 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Monday, December 15th. This is a positive change from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.08.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter worth about $177,000. Root Financial Partners LLC acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the third quarter worth about $235,000. Bey Douglas LLC increased its position in shares of Eaton Vance Short Duration Diversified Income Fund by 44.1% in the second quarter. Bey Douglas LLC now owns 21,635 shares of the company’s stock worth $239,000 after acquiring an additional 6,622 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 24.2% during the second quarter. Envestnet Asset Management Inc. now owns 25,324 shares of the company’s stock valued at $279,000 after acquiring an additional 4,942 shares during the period. Finally, Post Resch Tallon Group Inc. lifted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 18.5% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 28,057 shares of the company’s stock valued at $309,000 after acquiring an additional 4,386 shares in the last quarter.

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.