First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Short Interest Up 282.9% in August

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 59,474 shares, an increase of 282.9% from the August 15th total of 15,531 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 49,488 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On First Trust Multi-Asset Diversified Income Index Fund

Several large investors have recently modified their holdings of MDIV. PFG Investments LLC acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the first quarter worth $174,000. Tcfg Wealth Management LLC increased its holdings in First Trust Multi-Asset Diversified Income Index Fund by 1.3% in the first quarter. Tcfg Wealth Management LLC now owns 58,034 shares of the company’s stock valued at $938,000 after purchasing an additional 723 shares during the period. Rockefeller Capital Management L.P. increased its holdings in First Trust Multi-Asset Diversified Income Index Fund by 13.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 180,203 shares of the company’s stock valued at $2,833,000 after purchasing an additional 20,826 shares during the period. Total Clarity Wealth Management Inc. raised its position in First Trust Multi-Asset Diversified Income Index Fund by 2.1% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 117,910 shares of the company’s stock worth $1,907,000 after purchasing an additional 2,424 shares during the last quarter. Finally, Freedom Financial Partners LLC raised its position in First Trust Multi-Asset Diversified Income Index Fund by 5.1% during the 1st quarter. Freedom Financial Partners LLC now owns 37,499 shares of the company’s stock worth $606,000 after purchasing an additional 1,833 shares during the last quarter.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ MDIV opened at $16.60 on Friday. The company has a 50 day simple moving average of $16.78 and a 200 day simple moving average of $16.60. The firm has a market cap of $424.13 million, a PE ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.52 and a 1 year high of $17.02.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.115 dividend. This is an increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.07. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a yield of 8.3%.

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.