Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading Down 0.4% – Should You Sell?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s stock price dropped 0.4% during trading on Tuesday . The stock traded as low as $10.90 and last traded at $10.97. Approximately 32,485 shares traded hands during trading, a decline of 21% from the average daily volume of 41,189 shares. The stock had previously closed at $11.01.

Eaton Vance Short Duration Diversified Income Fund Trading Down 0.4 %

The stock’s fifty day moving average price is $11.17 and its 200-day moving average price is $11.09.

Eaton Vance Short Duration Diversified Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.0794 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.95 annualized dividend and a dividend yield of 8.69%.

Institutional Inflows and Outflows

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

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.