Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Up 0.2% – Time to Buy?

by · The Cerbat Gem

Shares of Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG – Get Free Report) traded up 0.2% on Tuesday . The stock traded as high as $10.87 and last traded at $10.86. 38,452 shares were traded during mid-day trading, a decline of 4% from the average session volume of 40,245 shares. The stock had previously closed at $10.84.

Eaton Vance Short Duration Diversified Income Fund Trading Up 0.2%

The firm has a 50-day moving average of $11.04 and a 200 day moving average of $11.11.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.0751 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 8.3%. This is an increase from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.08.

Institutional Trading of Eaton Vance Short Duration Diversified Income Fund

A number of large investors have recently made changes to their positions in EVG. Ameriprise Financial Inc. raised its holdings in Eaton Vance Short Duration Diversified Income Fund by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,516,037 shares of the company’s stock worth $17,165,000 after purchasing an additional 49,841 shares during the period. Invesco Ltd. grew its holdings in Eaton Vance Short Duration Diversified Income Fund by 10.5% during the first quarter. Invesco Ltd. now owns 158,340 shares of the company’s stock valued at $1,739,000 after purchasing an additional 15,058 shares during the period. Guggenheim Capital LLC increased its position in Eaton Vance Short Duration Diversified Income Fund by 78.5% in the second quarter. Guggenheim Capital LLC now owns 156,778 shares of the company’s stock worth $1,729,000 after buying an additional 68,924 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 3.2% in the third quarter. First Trust Advisors LP now owns 129,037 shares of the company’s stock worth $1,461,000 after buying an additional 3,988 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 28.5% during the 2nd quarter. Osaic Holdings Inc. now owns 99,700 shares of the company’s stock valued at $1,100,000 after buying an additional 22,105 shares in the last quarter.

About Eaton Vance Short Duration Diversified Income Fund

(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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