Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading Down 1.5% – Here’s Why

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVGGet Free Report)’s stock price dropped 1.5% during mid-day trading on Wednesday . The stock traded as low as $9.98 and last traded at $10.0150. 35,446 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 38,021 shares. The stock had previously closed at $10.17.

Eaton Vance Short Duration Diversified Income Fund Stock Down 1.5%

The business has a fifty day moving average of $10.56 and a 200 day moving average of $10.66.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.073 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, September 15th.

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

Several hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. lifted its holdings in Eaton Vance Short Duration Diversified Income Fund by 9.4% during the second quarter. Baird Financial Group Inc. now owns 11,650 shares of the company’s stock worth $126,000 after acquiring an additional 1,000 shares in the last quarter. Post Resch Tallon Group Inc. lifted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 25.0% during the 2nd quarter. Post Resch Tallon Group Inc. now owns 34,607 shares of the company’s stock valued at $373,000 after purchasing an additional 6,924 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter valued at approximately $109,000. CoreCap Advisors LLC grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% in the 2nd quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock valued at $54,000 after purchasing an additional 1,400 shares during the period. Finally, Arete Wealth Advisors LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund during the 1st quarter worth approximately $269,000.

About Eaton Vance Short Duration Diversified Income Fund

(Get Free Report)

Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management. The fund seeks to provide a high level of current income while maintaining a relatively short duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.

The fund invests in a diversified portfolio of income-producing securities.

Further Reading

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