Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Trading 0.6% Higher – Should You Buy?

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG)’s stock price traded up 0.6% during mid-day trading on Friday . The company traded as high as $11.08 and last traded at $11.06. 31,789 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 44,853 shares. The stock had previously closed at $10.99.

Eaton Vance Short Duration Diversified Income Fund Stock Up 0.6 %

The stock’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $11.09.

Eaton Vance Short Duration Diversified Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0735 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.98%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in Eaton Vance Short Duration Diversified Income Fund during the 3rd quarter worth approximately $3,799,000. Advisors Asset Management Inc. acquired a new stake in Eaton Vance Short Duration Diversified Income Fund during the 3rd quarter worth approximately $1,066,000. Shaker Financial Services LLC grew 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 acquiring an additional 4,951 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in Eaton Vance Short Duration Diversified Income Fund in the fourth quarter valued at approximately $244,000. Finally, Stifel Financial Corp grew its position in Eaton Vance Short Duration Diversified Income Fund by 10.0% in the third quarter. Stifel Financial Corp now owns 22,052 shares of the company’s stock valued at $247,000 after acquiring an additional 2,011 shares in the last quarter.

About Eaton Vance Short Duration Diversified Income Fund

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.