Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Sees Significant Increase in Short Interest

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 113,300 shares, an increase of 124.4% from the October 15th total of 50,500 shares. Based on an average trading volume of 44,100 shares, the days-to-cover ratio is presently 2.6 days.

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

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Eaton Vance Short Duration Diversified Income Fund in the 3rd quarter valued at $1,066,000. Shaker Financial Services LLC increased its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 14.3% in the third quarter. Shaker Financial Services LLC now owns 39,473 shares of the company’s stock valued at $441,000 after buying an additional 4,951 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund in the third quarter worth $3,799,000. FSA Advisors Inc. raised its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 11.7% in the 3rd quarter. FSA Advisors Inc. now owns 19,770 shares of the company’s stock worth $221,000 after buying an additional 2,072 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Eaton Vance Short Duration Diversified Income Fund during the 2nd quarter worth approximately $119,000.

Eaton Vance Short Duration Diversified Income Fund Price Performance

EVG stock traded down $0.07 during midday trading on Wednesday, reaching $11.11. The stock had a trading volume of 23,723 shares, compared to its average volume of 40,873. The business has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $11.01. Eaton Vance Short Duration Diversified Income Fund has a twelve month low of $9.91 and a twelve month high of $11.45.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.0792 per share. This represents a $0.95 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Thursday, November 21st.

About Eaton Vance Short Duration Diversified Income Fund

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.