Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading 0.1% Higher – What’s Next?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) rose 0.1% during trading on Tuesday . The stock traded as high as $10.84 and last traded at $10.71. Approximately 39,231 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 38,693 shares. The stock had previously closed at $10.70.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The firm’s 50-day moving average is $10.75 and its 200-day moving average is $10.82.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.0739 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Eaton Vance Short Duration Diversified Income Fund

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in Eaton Vance Short Duration Diversified Income Fund by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,516,037 shares of the company’s stock worth $17,165,000 after purchasing an additional 49,841 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 14.7% in the 4th quarter. Guggenheim Capital LLC now owns 378,332 shares of the company’s stock worth $4,131,000 after buying an additional 48,411 shares during the period. Osaic Holdings Inc. increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 24.0% in the 4th quarter. Osaic Holdings Inc. now owns 142,927 shares of the company’s stock worth $1,561,000 after acquiring an additional 27,687 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 129,037 shares of the company’s stock worth $1,461,000 after acquiring an additional 3,988 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Eaton Vance Short Duration Diversified Income Fund by 49.6% during 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 during the period.

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.