Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Short Interest Up 187.5% in April

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 48,300 shares, an increase of 187.5% from the March 31st total of 16,800 shares. Based on an average daily volume of 48,500 shares, the short-interest ratio is presently 1.0 days.

Eaton Vance Short Duration Diversified Income Fund Price Performance

Shares of NYSE:EVG opened at $10.42 on Friday. The firm has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.39. Eaton Vance Short Duration Diversified Income Fund has a 12-month low of $9.13 and a 12-month high of $10.86.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.079 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.10%. This is a positive change from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.08.

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

Several institutional investors and hedge funds have recently modified their holdings of EVG. Moors & Cabot Inc. lifted its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 15.5% in the 3rd quarter. Moors & Cabot Inc. now owns 23,100 shares of the company’s stock valued at $240,000 after purchasing an additional 3,100 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 3rd quarter valued at $199,000. 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 purchasing an additional 8,595 shares during the last quarter. Finally, Bey Douglas LLC acquired a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the 4th quarter valued at $187,000.

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.