Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Sees Significant Decline in Short Interest

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 57,700 shares, a drop of 14.5% from the February 13th total of 67,500 shares. Based on an average daily volume of 39,600 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Eaton Vance Short Duration Diversified Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of Eaton Vance Short Duration Diversified Income Fund by 17.0% in the 4th quarter. Ameriprise Financial Inc. now owns 1,268,461 shares of the company’s stock valued at $13,852,000 after purchasing an additional 183,918 shares during the period. LPL Financial LLC boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 279.2% in the fourth quarter. LPL Financial LLC now owns 199,815 shares of the company’s stock valued at $2,182,000 after buying an additional 147,124 shares during the period. Invesco Ltd. increased its position 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 worth $1,565,000 after acquiring an additional 2,847 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Eaton Vance Short Duration Diversified Income Fund during the third quarter worth $1,066,000. Finally, Guggenheim Capital LLC lifted its position in Eaton Vance Short Duration Diversified Income Fund by 1.7% in 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 in the last quarter.

Eaton Vance Short Duration Diversified Income Fund Stock Performance

Shares of Eaton Vance Short Duration Diversified Income Fund stock traded down $0.06 on Thursday, hitting $10.92. 48,877 shares of the company’s stock traded hands, compared to its average volume of 37,953. The firm’s 50-day moving average price is $11.07 and its two-hundred day moving average price is $11.12. 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 business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0743 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.17%.

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.