Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Stock Price Down 0.9% – Here’s What Happened

Shares of Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) dropped 0.9% during trading on Thursday . The stock traded as low as $10.56 and last traded at $10.5860. 23,342 shares were traded during mid-day trading, a decline of 37% from the average session volume of 37,036 shares. The stock had previously closed at $10.68.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

The stock’s 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $10.80.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0738 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Wednesday, July 15th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its stake in Eaton Vance Short Duration Diversified Income Fund by 7.4% during the third quarter. Raymond James Financial Inc. now owns 17,232 shares of the company’s stock worth $195,000 after buying an additional 1,189 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 38.9% in the second quarter. CoreCap Advisors LLC now owns 5,000 shares of the company’s stock valued at $54,000 after acquiring an additional 1,400 shares during the last quarter. Equitable Holdings Inc. raised its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 3.1% in the fourth quarter. Equitable Holdings Inc. now owns 53,080 shares of the company’s stock valued at $580,000 after acquiring an additional 1,578 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 129,037 shares of the company’s stock worth $1,461,000 after acquiring an additional 3,988 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 5.2% in the 4th quarter. Cetera Investment Advisers now owns 82,169 shares of the company’s stock worth $897,000 after acquiring an additional 4,093 shares in 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.