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

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) saw 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 trading volume of 39,600 shares, the days-to-cover ratio is currently 1.5 days.

Eaton Vance Short Duration Diversified Income Fund Stock Down 0.5 %

Shares of NYSE:EVG traded down $0.06 on Thursday, hitting $10.92. The stock had a trading volume of 48,877 shares, compared to its average volume of 37,953. The firm’s 50 day moving average price is $11.07 and its 200-day moving average price is $11.12. Eaton Vance Short Duration Diversified Income Fund has a twelve month low of $10.29 and a twelve month high of $11.45.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0743 per share. This is a positive change from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07. The ex-dividend date is Friday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 8.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EVG. Ameriprise Financial Inc. boosted its stake in Eaton Vance Short Duration Diversified Income Fund by 17.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,268,461 shares of the company’s stock worth $13,852,000 after purchasing an additional 183,918 shares in the last quarter. Guggenheim Capital LLC grew its holdings in 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 worth $870,000 after acquiring an additional 1,312 shares during the last quarter. Invesco Ltd. increased its position in Eaton Vance Short Duration Diversified Income Fund by 2.0% in the 4th quarter. Invesco Ltd. now owns 143,282 shares of the company’s stock valued at $1,565,000 after acquiring an additional 2,847 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 52,719 shares of the company’s stock worth $576,000 after acquiring an additional 9,116 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 279.2% during the fourth quarter. LPL Financial LLC now owns 199,815 shares of the company’s stock worth $2,182,000 after purchasing an additional 147,124 shares in the last quarter.

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.