Short Interest in Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Expands By 124.4%

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 113,300 shares, an increase of 124.4% from the October 15th total of 50,500 shares. Based on an average daily volume of 44,100 shares, the short-interest ratio is presently 2.6 days.

Eaton Vance Short Duration Diversified Income Fund Price Performance

EVG traded down $0.03 during trading on Friday, reaching $11.04. The company’s stock had a trading volume of 12,167 shares, compared to its average volume of 40,679. The company’s fifty day moving average price is $11.21 and its 200-day moving average price is $11.01. Eaton Vance Short Duration Diversified Income Fund has a 52-week low of $9.96 and a 52-week high of $11.45.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.0792 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 8.61%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EVG. Stifel Financial Corp boosted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 10.0% during the 3rd quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock worth $247,000 after purchasing an additional 2,011 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Eaton Vance Short Duration Diversified Income Fund in the third quarter valued at about $1,066,000. Shaker Financial Services LLC boosted its holdings in Eaton Vance Short Duration Diversified Income Fund by 14.3% during the third quarter. Shaker Financial Services LLC now owns 39,473 shares of the company’s stock worth $441,000 after buying an additional 4,951 shares in the last quarter. FSA Advisors Inc. grew its position in Eaton Vance Short Duration Diversified Income Fund by 11.7% during the third quarter. FSA Advisors Inc. now owns 19,770 shares of the company’s stock worth $221,000 after buying an additional 2,072 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Eaton Vance Short Duration Diversified Income Fund in the third quarter valued at about $3,799,000.

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.