Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Short Interest Down 32.4% in March

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 39,000 shares, a drop of 32.4% from the February 28th total of 57,700 shares. Based on an average daily volume of 41,600 shares, the short-interest ratio is currently 0.9 days.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

NYSE:EVG opened at $10.97 on Friday. The company has a fifty day moving average of $11.09 and a 200 day moving average of $11.12. Eaton Vance Short Duration Diversified Income Fund has a 52 week low of $10.29 and a 52 week high of $11.45.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0743 dividend. This is a boost from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.13%.

Institutional Trading of Eaton Vance Short Duration Diversified Income Fund

A number of institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its position in Eaton Vance Short Duration Diversified Income Fund by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock valued at $247,000 after purchasing an additional 2,011 shares during the last quarter. Capital Market Strategies LLC increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 7.2% during the fourth quarter. Capital Market Strategies LLC now owns 20,260 shares of the company’s stock valued at $221,000 after buying an additional 1,365 shares during the period. Tallon Kerry Patrick bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the fourth quarter valued at approximately $244,000. LPL Financial LLC lifted its stake in Eaton Vance Short Duration Diversified Income Fund by 279.2% in the fourth quarter. LPL Financial LLC now owns 199,815 shares of the company’s stock worth $2,182,000 after acquiring an additional 147,124 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Eaton Vance Short Duration Diversified Income Fund by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 52,719 shares of the company’s stock valued at $576,000 after acquiring an additional 9,116 shares in the last quarter.

Eaton Vance Short Duration Diversified Income Fund Company Profile

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.