Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Short Interest Up 134.4% in February

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 67,500 shares, a growth of 134.4% from the January 31st total of 28,800 shares. Based on an average trading volume of 39,800 shares, the short-interest ratio is currently 1.7 days.

Eaton Vance Short Duration Diversified Income Fund Price Performance

NYSE EVG traded up $0.06 during mid-day trading on Friday, reaching $11.19. 30,518 shares of the stock were exchanged, compared to its average volume of 38,249. The stock has a 50 day simple moving average of $11.06 and a 200-day simple moving average of $11.13. Eaton Vance Short Duration Diversified Income Fund has a one year low of $10.29 and a one year high of $11.45.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.074 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.89 annualized dividend and a yield of 7.94%. This is a boost from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07.

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

A number of institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 1.7% during the 4th quarter. Guggenheim Capital LLC now owns 79,689 shares of the company’s stock valued at $870,000 after acquiring an additional 1,312 shares during the last quarter. Capital Market Strategies LLC raised its stake in Eaton Vance Short Duration Diversified Income Fund by 7.2% in the fourth quarter. Capital Market Strategies LLC now owns 20,260 shares of the company’s stock worth $221,000 after buying an additional 1,365 shares in the last quarter. Stifel Financial Corp grew its holdings in Eaton Vance Short Duration Diversified Income Fund by 10.0% in the third quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock worth $247,000 after purchasing an additional 2,011 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 2.0% during the fourth quarter. Invesco Ltd. now owns 143,282 shares of the company’s stock valued at $1,565,000 after buying an additional 2,847 shares during the last quarter. Finally, Shaker Financial Services LLC raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 14.3% in the third quarter. Shaker Financial Services LLC now owns 39,473 shares of the company’s stock worth $441,000 after acquiring an additional 4,951 shares during the period.

Eaton Vance Short Duration Diversified Income Fund Company Profile

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.