Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Shares Down 1.5% – Here’s What Happened

Shares of Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) traded down 1.5% during mid-day trading on Wednesday . The stock traded as low as $9.98 and last traded at $10.0150. Approximately 35,446 shares were traded during trading, a decline of 7% from the average daily volume of 38,021 shares. The stock had previously closed at $10.17.

Eaton Vance Short Duration Diversified Income Fund Trading Down 1.5%

The business’s fifty day moving average is $10.56 and its 200 day moving average is $10.66.

Eaton Vance Short Duration Diversified Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.073 per share. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Eaton Vance Short Duration Diversified Income Fund

A number of institutional investors have recently modified their holdings of EVG. Calamos Advisors LLC bought a new position in Eaton Vance Short Duration Diversified Income Fund during the first quarter worth $527,000. Cetera Investment Advisers boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 49.6% during the 1st quarter. Cetera Investment Advisers now owns 122,950 shares of the company’s stock worth $1,314,000 after buying an additional 40,781 shares during the period. Fiera Capital Corp boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 49.2% during the 4th quarter. Fiera Capital Corp now owns 116,330 shares of the company’s stock worth $1,270,000 after buying an additional 38,336 shares during the period. Arete Wealth Advisors LLC acquired a new position in Eaton Vance Short Duration Diversified Income Fund in the 1st quarter valued at about $269,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in Eaton Vance Short Duration Diversified Income Fund in the 2nd quarter valued at about $109,000.

Eaton Vance Short Duration Diversified Income Fund Company Profile

Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management. The fund seeks to provide a high level of current income while maintaining a relatively short duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.

The fund invests in a diversified portfolio of income-producing securities.