Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Up 1.2% – What’s Next?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s stock price rose 1.2% during 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 daily volume of 38,482 shares. The stock had previously closed at $10.55.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The company’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $10.74.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its position in Eaton Vance Short Duration Diversified Income Fund by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 1,466,196 shares of the company’s stock worth $16,143,000 after acquiring an additional 59,355 shares during the period. Calamos Advisors LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund during the 1st quarter valued at approximately $527,000. Guggenheim Capital LLC grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 14.7% during the 4th quarter. Guggenheim Capital LLC now owns 378,332 shares of the company’s stock valued at $4,131,000 after acquiring an additional 48,411 shares during the period. Cetera Investment Advisers increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 49.6% during the 1st quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock worth $1,314,000 after purchasing an additional 40,781 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 49.2% during the 4th quarter. Fiera Capital Corp now owns 116,330 shares of the company’s stock worth $1,270,000 after purchasing an additional 38,336 shares during 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.