Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Down 0.7%

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s stock price was down 0.7% during trading on Wednesday . The company traded as low as $10.41 and last traded at $10.44. Approximately 19,806 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 48,228 shares. The stock had previously closed at $10.51.

Eaton Vance Short Duration Diversified Income Fund Price Performance

The business has a 50-day moving average of $10.57 and a 200 day moving average of $10.39.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.079 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.08. This represents a $0.95 dividend on an annualized basis and a yield of 9.10%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC raised its position in Eaton Vance Short Duration Diversified Income Fund by 27.8% during the fourth quarter. Shaker Financial Services LLC now owns 39,528 shares of the company’s stock valued at $410,000 after purchasing an additional 8,595 shares during the period. Moors & Cabot Inc. grew its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 15.5% during the third quarter. Moors & Cabot Inc. now owns 23,100 shares of the company’s stock valued at $240,000 after buying an additional 3,100 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the third quarter valued at approximately $199,000. Finally, Bey Douglas LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the fourth quarter valued at approximately $187,000.

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.