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 increase in short interest during the month of March. As of March 13th, there was short interest totaling 95,710 shares, an increase of 107.4% from the February 26th total of 46,147 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 57,805 shares, the days-to-cover ratio is currently 1.7 days.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 0.6%

Shares of MDIV traded down $0.09 during mid-day trading on Friday, hitting $16.05. The company’s stock had a trading volume of 44,135 shares, compared to its average volume of 81,797. The firm has a 50-day simple moving average of $16.40 and a 200 day simple moving average of $16.04. First Trust Multi-Asset Diversified Income Index Fund has a 1-year low of $14.74 and a 1-year high of $16.81. The firm has a market capitalization of $400.45 million, a P/E ratio of 14.11 and a beta of 0.62.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a $0.134 dividend. The ex-dividend date is Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 10.0%. This is a boost from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.08.

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

Several large investors have recently added to or reduced their stakes in the business. Realta Investment Advisors acquired a new position in First Trust Multi-Asset Diversified Income Index Fund in the third quarter valued at $39,000. D.A. Davidson & CO. acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the 4th quarter valued at approximately $169,000. Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the 4th quarter valued at approximately $193,000. Comerica Bank boosted its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 5.6% during 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 last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 5.7% during the 3rd quarter. Advisory Services Network LLC now owns 12,293 shares of the company’s stock valued at $197,000 after buying an additional 660 shares during the last quarter.

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.