Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Up 0.1% – Here’s Why

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVGGet Free Report)’s stock price traded up 0.1% on Tuesday . The stock traded as high as $10.84 and last traded at $10.71. Approximately 39,231 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 38,693 shares. The stock had previously closed at $10.70.

Eaton Vance Short Duration Diversified Income Fund Trading Up 0.1%

The stock’s 50-day simple moving average is $10.75 and its 200-day simple moving average is $10.83.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The business 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 dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

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

A number of institutional investors have recently bought and sold shares of the stock. Shaker Financial Services LLC lifted its holdings in Eaton Vance Short Duration Diversified Income Fund by 328.8% in the fourth quarter. Shaker Financial Services LLC now owns 118,733 shares of the company’s stock worth $1,297,000 after buying an additional 91,046 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 4.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,466,196 shares of the company’s stock worth $16,143,000 after acquiring an additional 59,355 shares during the period. Calamos Advisors LLC purchased a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 1st quarter worth approximately $527,000. Guggenheim Capital LLC raised 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 acquiring an additional 48,411 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 49.6% in the 1st quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock worth $1,314,000 after acquiring an additional 40,781 shares in the last quarter.

Eaton Vance Short Duration Diversified Income Fund Company Profile

(Get Free Report)

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.

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