Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Shares Up 0.2% – Here’s What Happened

Shares of Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) shot up 0.2% on Tuesday . The company traded as high as $10.99 and last traded at $10.97. 34,354 shares changed hands during trading, a decline of 20% from the average session volume of 43,144 shares. The stock had previously closed at $10.95.

Eaton Vance Short Duration Diversified Income Fund Price Performance

The firm has a 50 day moving average of $10.97 and a 200-day moving average of $11.11.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Institutional Investors Weigh In On Eaton Vance Short Duration Diversified Income Fund

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the second quarter worth $177,000. Root Financial Partners LLC purchased a new stake in shares of Eaton Vance Short Duration Diversified Income Fund during the 3rd quarter worth about $235,000. Bey Douglas LLC lifted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 44.1% during the 2nd quarter. Bey Douglas LLC now owns 21,635 shares of the company’s stock valued at $239,000 after buying an additional 6,622 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 24.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,324 shares of the company’s stock valued at $279,000 after buying an additional 4,942 shares in the last quarter. Finally, FSA Advisors Inc. increased its holdings in Eaton Vance Short Duration Diversified Income Fund by 13.7% in the second quarter. FSA Advisors Inc. now owns 43,093 shares of the company’s stock worth $475,000 after buying an additional 5,188 shares during the last quarter.

About Eaton Vance Short Duration Diversified Income Fund

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.