Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Sees Large Increase in Short Interest

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 28,800 shares, a growth of 29.1% from the January 15th total of 22,300 shares. Based on an average daily volume of 41,100 shares, the short-interest ratio is presently 0.7 days.

Eaton Vance Short Duration Diversified Income Fund Stock Down 0.3 %

Shares of NYSE:EVG traded down $0.04 on Friday, hitting $11.17. The stock had a trading volume of 5,343 shares, compared to its average volume of 40,971. Eaton Vance Short Duration Diversified Income Fund has a twelve month low of $10.29 and a twelve month high of $11.45. The firm’s 50 day moving average price is $11.06 and its 200-day moving average price is $11.12.

Eaton Vance Short Duration Diversified Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.074 dividend. This represents a $0.89 annualized dividend and a dividend yield of 7.95%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Eaton Vance Short Duration Diversified Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. FSA Advisors Inc. raised its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 11.7% in the third quarter. FSA Advisors Inc. now owns 19,770 shares of the company’s stock valued at $221,000 after buying an additional 2,072 shares during the last quarter. Capital Market Strategies LLC raised its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 7.2% in the fourth quarter. Capital Market Strategies LLC now owns 20,260 shares of the company’s stock valued at $221,000 after buying an additional 1,365 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of 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 buying an additional 2,011 shares during the last quarter. Tallon Kerry Patrick bought a new position in shares of Eaton Vance Short Duration Diversified Income Fund in the fourth quarter valued at about $244,000. Finally, Shaker Financial Services LLC raised its holdings in shares of 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 buying an additional 4,951 shares during 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.