Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Shares Up 0.2% – Should You Buy?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) shares rose 0.2% during trading on Tuesday . The stock traded as high as $10.99 and last traded at $10.97. Approximately 34,354 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 43,144 shares. The stock had previously closed at $10.95.

Eaton Vance Short Duration Diversified Income Fund Trading Up 0.2%

The stock’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $11.11.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.075 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Shaker Financial Services LLC raised its stake in Eaton Vance Short Duration Diversified Income Fund by 328.8% during the 4th quarter. Shaker Financial Services LLC now owns 118,733 shares of the company’s stock valued at $1,297,000 after purchasing an additional 91,046 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 78.5% during the 2nd quarter. Guggenheim Capital LLC now owns 156,778 shares of the company’s stock worth $1,729,000 after purchasing an additional 68,924 shares during the period. Ameriprise Financial Inc. raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 4.2% during the second quarter. Ameriprise Financial Inc. now owns 1,466,196 shares of the company’s stock valued at $16,143,000 after buying an additional 59,355 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 28.5% in the second quarter. Osaic Holdings Inc. now owns 99,700 shares of the company’s stock valued at $1,100,000 after buying an additional 22,105 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Eaton Vance Short Duration Diversified Income Fund during the third quarter worth about $235,000.

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.