Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Sees Large Growth in Short Interest

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 134,827 shares, an increase of 77.7% from the September 30th total of 75,875 shares. Based on an average daily volume of 47,129 shares, the short-interest ratio is presently 2.9 days.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

NYSE EVG traded up $0.04 on Friday, reaching $10.55. The stock had a trading volume of 26,622 shares, compared to its average volume of 39,890. The firm has a fifty day moving average of $10.32 and a two-hundred day moving average of $10.65. Eaton Vance Short Duration Diversified Income Fund has a 1-year low of $9.77 and a 1-year high of $11.30.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a $0.0711 dividend. This represents a $0.85 annualized dividend and a dividend yield of 8.1%. This is a drop from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0730. The ex-dividend date was Thursday, October 15th.

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

Hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 9.4% during the 2nd quarter. Baird Financial Group Inc. now owns 11,650 shares of the company’s stock worth $126,000 after purchasing an additional 1,000 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% in the second quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock valued at $54,000 after buying an additional 1,400 shares in the last quarter. Post Resch Tallon Group Inc. raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 7.4% in the third quarter. Post Resch Tallon Group Inc. now owns 37,163 shares of the company’s stock valued at $369,000 after buying an additional 2,556 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the second quarter valued at approximately $109,000. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the first quarter valued at approximately $269,000.

About Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Short Duration Diversified Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol EVG. The fund seeks to provide current income while maintaining a relatively short duration profile and pursuing capital preservation as a secondary objective.

The fund invests in a diversified portfolio of income-producing debt securities and other fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-backed and asset-backed securities, and debt issued by governments or companies in the United States and other countries.