Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading Up 1.2% – Time to Buy?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) shares were up 1.2% during mid-day trading on Tuesday . The stock traded as high as $10.78 and last traded at $10.68. Approximately 80,499 shares traded hands during mid-day trading, an increase of 109% from the average session volume of 38,482 shares. The stock had previously closed at $10.55.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The business has a 50-day moving average price of $10.69 and a 200 day moving average price of $10.74.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.0732 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 8.2%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVG. First Trust Advisors LP increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 4.0% in the second quarter. First Trust Advisors LP now owns 125,049 shares of the company’s stock worth $1,379,000 after purchasing an additional 4,860 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 35.5% during the 2nd quarter. NewEdge Advisors LLC now owns 45,000 shares of the company’s stock valued at $496,000 after buying an additional 11,800 shares in the last quarter. Raymond James Financial Inc. bought a new position in Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter worth approximately $177,000. Ameriprise Financial Inc. boosted its holdings in Eaton Vance Short Duration Diversified Income Fund by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,466,196 shares of the company’s stock worth $16,143,000 after buying an additional 59,355 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Eaton Vance Short Duration Diversified Income Fund by 42.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 35,964 shares of the company’s stock valued at $407,000 after buying an additional 10,640 shares in 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.