Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading Down 1.1% – Here’s What Happened

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) traded down 1.1% on Thursday . The stock traded as low as $10.46 and last traded at $10.48. 21,737 shares were traded during trading, a decline of 51% from the average session volume of 44,480 shares. The stock had previously closed at $10.60.

Eaton Vance Short Duration Diversified Income Fund Price Performance

The business has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $11.01.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.0747 dividend. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Monday, March 16th.

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

A number of hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC raised its position in shares of Eaton Vance Short Duration Diversified Income Fund by 14.7% during the 4th quarter. Guggenheim Capital LLC now owns 378,332 shares of the company’s stock valued at $4,131,000 after purchasing an additional 48,411 shares during the period. Cetera Investment Advisers boosted its holdings in 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 buying an additional 4,093 shares during the period. Equitable Holdings Inc. increased its stake in Eaton Vance Short Duration Diversified Income Fund by 3.1% in the 4th quarter. Equitable Holdings Inc. now owns 53,080 shares of the company’s stock worth $580,000 after buying an additional 1,578 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Eaton Vance Short Duration Diversified Income Fund by 24.0% during the fourth quarter. Osaic Holdings Inc. now owns 142,927 shares of the company’s stock valued at $1,561,000 after acquiring an additional 27,687 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Eaton Vance Short Duration Diversified Income Fund during the fourth quarter valued at about $103,000.

Eaton Vance Short Duration Diversified Income Fund Company Profile

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.