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

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVGGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 55,700 shares, an increase of 241.7% from the April 30th total of 16,300 shares. Based on an average daily volume of 39,500 shares, the short-interest ratio is presently 1.4 days.

Eaton Vance Short Duration Diversified Income Fund Trading Down 0.8 %

EVG stock traded down $0.08 during mid-day trading on Wednesday, hitting $10.61. 7,575 shares of the stock were exchanged, compared to its average volume of 43,177. The business has a fifty day moving average price of $10.59 and a 200 day moving average price of $10.51. Eaton Vance Short Duration Diversified Income Fund has a 12 month low of $9.13 and a 12 month high of $10.97.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 24th will be paid a $0.0783 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Thursday, May 23rd.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. FSA Advisors Inc. bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 1st quarter valued at about $167,000. Rockport Wealth LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 1st quarter valued at about $123,000. Bey Douglas LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 4th quarter valued at about $187,000. Shaker Financial Services LLC lifted its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 27.8% in the 4th quarter. Shaker Financial Services LLC now owns 39,528 shares of the company’s stock valued at $410,000 after acquiring an additional 8,595 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 3rd quarter valued at about $199,000.

About Eaton Vance Short Duration Diversified Income Fund

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Eaton Vance Short Duration Diversified Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Short Duration Diversified Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.