Short Interest in First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Drops By 37.8%

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 15,531 shares, a drop of 37.8% from the July 30th total of 24,982 shares. Based on an average trading volume of 65,418 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

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

Institutional investors have recently bought and sold shares of the business. Total Clarity Wealth Management Inc. boosted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 2.1% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 117,910 shares of the company’s stock valued at $1,907,000 after buying an additional 2,424 shares in the last quarter. Freedom Financial Partners LLC lifted its position in First Trust Multi-Asset Diversified Income Index Fund by 5.1% in the first quarter. Freedom Financial Partners LLC now owns 37,499 shares of the company’s stock valued at $606,000 after acquiring an additional 1,833 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position 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 acquiring an additional 20,826 shares during the last quarter. TMB Capital Partners LLC acquired a new position in First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter valued at $657,000. Finally, Endowment Wealth Management Inc. boosted its stake in First Trust Multi-Asset Diversified Income Index Fund by 3.2% in the fourth quarter. Endowment Wealth Management Inc. now owns 49,868 shares of the company’s stock valued at $784,000 after acquiring an additional 1,549 shares in the last quarter.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ MDIV opened at $16.79 on Monday. The stock’s 50-day moving average is $16.74 and its two-hundred day moving average is $16.59. First Trust Multi-Asset Diversified Income Index Fund has a 1-year low of $15.52 and a 1-year high of $17.02. The company has a market cap of $428.98 million, a price-to-earnings ratio of 14.11 and a beta of 0.54.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a $0.115 dividend. This represents a c) annualized dividend and a yield of 8.2%. This is a boost from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 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.