(EVG) Eaton Vance Short Duration - Ratings and Ratios

Eaton Vance Short Duration Diversified Income Closed Fund (NYSE:EVG) is a USA-originated, closed-end multisector bond fund that provides investors with a diversified income stream. The funds investment strategy focuses on short-duration debt securities, aiming to mitigate interest rate risk while generating returns through a diversified portfolio.

Analyzing the funds recent price action, we observe a stable trend with a slight upward bias, as indicated by its SMA20 (10.81) and SMA50 (10.79) being above its SMA200 (10.71). The current price of 10.90 is near its 52-week high of 11.13, suggesting a relatively strong performance over the past year. The Average True Range (ATR) of 0.23, equivalent to 2.07% of the current price, indicates moderate volatility.

With Assets Under Management (AUM) of 189.71M USD, EVG has a relatively modest size compared to other funds in its category. However, its size allows for more agile management and potentially more focused investment decisions.

Forecasting the funds future performance involves analyzing both technical and fundamental data. Given its stable trend, moderate volatility, and relatively strong recent performance, we can anticipate that EVG will continue to perform steadily in the short term. If interest rates remain stable or decrease, the funds short-duration strategy may help mitigate potential losses associated with rising rates. Conversely, if rates drop, the funds diversified income stream could become more attractive, potentially driving the price upwards. Based on the current SMA20 and SMA50 being above SMA200, a potential target price could be 11.05, representing a 1.4% increase from the current price. However, a drop below SMA200 could signal a potential correction, with a support level around 10.60.