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 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 trading volume of 48,500 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Moors & Cabot Inc. grew its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 15.5% in the third quarter. Moors & Cabot Inc. now owns 23,100 shares of the company’s stock worth $240,000 after purchasing an additional 3,100 shares in the last quarter. Shaker Financial Services LLC grew its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 27.8% in the fourth quarter. Shaker Financial Services LLC now owns 39,528 shares of the company’s stock worth $410,000 after purchasing an additional 8,595 shares in the last quarter. Bey Douglas LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the fourth quarter worth $187,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the third quarter worth $199,000.

Eaton Vance Short Duration Diversified Income Fund Price Performance

EVG stock opened at $10.42 on Friday. Eaton Vance Short Duration Diversified Income Fund has a 12-month low of $9.13 and a 12-month high of $10.86. The stock’s 50 day simple moving average is $10.57 and its 200 day simple moving average is $10.39.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.079 dividend. This is a boost from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.08. The ex-dividend date is Monday, April 22nd. This represents a $0.95 annualized dividend and a dividend yield of 9.10%.

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.