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

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 113,300 shares, an increase of 124.4% from the October 15th total of 50,500 shares. Based on an average daily trading volume, of 44,100 shares, the days-to-cover ratio is presently 2.6 days.

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

Hedge funds have recently bought and sold shares of the business. Rockport Wealth LLC purchased a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 1st quarter worth approximately $123,000. FSA Advisors Inc. acquired a new stake in Eaton Vance Short Duration Diversified Income Fund during the 1st quarter valued at $167,000. Commonwealth Equity Services LLC increased its stake in Eaton Vance Short Duration Diversified Income Fund by 7.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 50,219 shares of the company’s stock worth $542,000 after purchasing an additional 3,299 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter valued at about $32,000. Finally, AE Wealth Management LLC grew its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 3.5% during the second quarter. AE Wealth Management LLC now owns 59,510 shares of the company’s stock worth $643,000 after buying an additional 1,988 shares during the last quarter.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

NYSE:EVG traded down $0.07 during trading hours on Wednesday, hitting $11.11. The company’s stock had a trading volume of 23,723 shares, compared to its average volume of 40,873. Eaton Vance Short Duration Diversified Income Fund has a twelve month low of $9.91 and a twelve month high of $11.45. The stock has a fifty day simple moving average of $11.21 and a 200-day simple moving average of $11.01.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.0792 per share. This represents a $0.95 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Thursday, November 21st.

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.