First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Short Interest Update

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 24,473 shares, a drop of 65.9% from the April 30th total of 71,707 shares. Based on an average trading volume of 49,053 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of MDIV stock traded down $0.07 during mid-day trading on Friday, hitting $16.52. The stock had a trading volume of 67,160 shares, compared to its average volume of 72,467. First Trust Multi-Asset Diversified Income Index Fund has a fifty-two week low of $15.52 and a fifty-two week high of $16.81. The firm has a market cap of $409.70 million, a PE ratio of 14.11 and a beta of 0.55. The company’s 50-day simple moving average is $16.46 and its 200-day simple moving average is $16.23.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.1321 dividend. This is a boost from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.05. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 9.6%.

Institutional Trading of First Trust Multi-Asset Diversified Income Index Fund

Several hedge funds have recently made changes to their positions in the company. Intrua Financial LLC lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 8.9% in the 4th quarter. Intrua Financial LLC now owns 34,989 shares of the company’s stock valued at $550,000 after buying an additional 2,872 shares during the period. Comerica Bank lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 5.6% in the 4th quarter. Comerica Bank now owns 12,436 shares of the company’s stock valued at $195,000 after buying an additional 654 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 25.4% in the 4th quarter. International Assets Investment Management LLC now owns 60,973 shares of the company’s stock valued at $958,000 after buying an additional 12,368 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund in the 4th quarter valued at approximately $169,000. Finally, Total Clarity Wealth Management Inc. lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 5.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 115,486 shares of the company’s stock valued at $1,815,000 after buying an additional 6,026 shares during the period.

About First Trust Multi-Asset Diversified Income Index Fund

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.