EVG Stock Summary and Trading Ideas (Ev Short Duration Diversified | NYSE:EVG)

The Fund's seeks to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its primary goal of high current income. Provides broad exposure to the world’s fixed-income markets, offering investors a core holding that may complement traditional bond market investments. As a low duration strategy, the fund provides limited interest-rate risk, with no more than three years duration (including the effects of leverage).

Ev Short Duration Diversified trades on the NYSE stock market under the symbol EVG.

As of April 18, 2024, EVG stock price climbed to $10.46 with 55,449 million shares trading.

EVG has a beta of 0.35, meaning it tends to be less sensitive to market movements. EVG has a correlation of 0.18 to the broad based SPY ETF.

EVG has a market cap of $140.61 million. This is considered a Micro Cap stock.

In the last 3 years, EVG stock traded as high as $14.26 and as low as $9.13.

EVG has underperformed the market in the last year with a return of +13.7%, while the SPY ETF gained +22.4%. In the last 3 month period, EVG fell short of the market, returning +1.5%, while SPY returned +6.2%. However, in the most recent 2 weeks EVG has outperformed the stock market by returning -0.2%, while SPY returned -3.8%.

EVG support price is $10.30 and resistance is $10.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVG stock will trade within this expected range on the day.