First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Sees Significant Growth in Short Interest

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 7,882 shares, a growth of 133.5% from the September 30th total of 3,376 shares. Based on an average trading volume of 56,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 590.4% during the second quarter. Ameritas Advisory Services LLC now owns 95,576 shares of the company’s stock worth $1,579,000 after purchasing an additional 81,733 shares during the period. Sigma Planning Corp acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund in the third quarter valued at $681,000. Envestnet Asset Management Inc. increased its holdings in First Trust Multi-Asset Diversified Income Index Fund by 29.0% in the second quarter. Envestnet Asset Management Inc. now owns 124,986 shares of the company’s stock valued at $2,065,000 after purchasing an additional 28,134 shares during the period. Integrity Alliance LLC. bought a new position in First Trust Multi-Asset Diversified Income Index Fund during the 3rd quarter worth $394,000. Finally, Columbia Advisory Partners LLC raised its position in First Trust Multi-Asset Diversified Income Index Fund by 224.6% during the 3rd quarter. Columbia Advisory Partners LLC now owns 35,329 shares of the company’s stock worth $559,000 after purchasing an additional 24,445 shares during the last quarter.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ MDIV traded down $0.03 during mid-day trading on Friday, hitting $16.20. 45,322 shares of the stock traded hands, compared to its average volume of 66,650. The company has a market cap of $417.15 million, a PE ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a twelve month low of $15.52 and a twelve month high of $17.02. The firm has a 50 day simple moving average of $16.27 and a two-hundred day simple moving average of $16.47.

First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were issued a dividend of $0.0772 per share. This represents a $0.93 annualized dividend and a dividend yield of 5.7%. This is a decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.0960. The ex-dividend date was Wednesday, October 21st.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

The Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF. MDIV was launched on Aug 14, 2012 and is managed by First Trust.