Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $10.28 and traded as low as $10.16. Eaton Vance Short Duration Diversified Income Fund shares last traded at $10.18, with a volume of 50,165 shares traded.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The stock has a 50-day moving average price of $10.28 and a 200-day moving average price of $10.63.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a $0.0713 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.86 annualized dividend and a yield of 8.4%. This is an increase from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.0711.

Institutional Trading of Eaton Vance Short Duration Diversified Income Fund

Institutional investors have recently modified their holdings of the company. Calamos Advisors LLC grew its position in Eaton Vance Short Duration Diversified Income Fund by 6.7% during the 3rd quarter. Calamos Advisors LLC now owns 35,695 shares of the company’s stock worth $354,000 after purchasing an additional 2,232 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund during the third quarter worth approximately $620,000. Post Resch Tallon Group Inc. lifted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 7.4% during the 3rd quarter. Post Resch Tallon Group Inc. now owns 37,163 shares of the company’s stock worth $369,000 after purchasing an additional 2,556 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 9.4% during the second quarter. Baird Financial Group Inc. now owns 11,650 shares of the company’s stock valued at $126,000 after buying an additional 1,000 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Eaton Vance Short Duration Diversified Income Fund during the second quarter valued at approximately $109,000.

Eaton Vance Short Duration Diversified Income Fund Company Profile

Eaton Vance Short Duration Diversified Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol EVG. The fund seeks to provide current income while maintaining a relatively short duration profile and pursuing capital preservation as a secondary objective. The fund invests in a diversified portfolio of income-producing debt securities and other fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-backed and asset-backed securities, and debt issued by governments or companies in the United States and other countries.