Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading 0.1% Higher – Still a Buy?

Shares of Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) traded up 0.1% on Tuesday . The stock traded as high as $10.84 and last traded at $10.71. 39,231 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 38,693 shares. The stock had previously closed at $10.70.

Eaton Vance Short Duration Diversified Income Fund Stock Up 0.1%

The business has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $10.83.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0739 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Arete Wealth Advisors LLC purchased a new position in Eaton Vance Short Duration Diversified Income Fund during the 1st quarter valued at about $269,000. Cetera Investment Advisers grew its holdings in Eaton Vance Short Duration Diversified Income Fund by 49.6% in the first quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock worth $1,314,000 after purchasing an additional 40,781 shares during the period. Calamos Advisors LLC purchased a new stake in Eaton Vance Short Duration Diversified Income Fund in the first quarter worth about $527,000. Guggenheim Capital LLC increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 14.7% during the fourth 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 in the last quarter. Finally, Equitable Holdings Inc. increased its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 3.1% during the fourth quarter. Equitable Holdings Inc. now owns 53,080 shares of the company’s stock valued at $580,000 after purchasing an additional 1,578 shares in the last quarter.

About Eaton Vance Short Duration Diversified Income Fund

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.