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

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

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

Shares of NASDAQ:MDIV remained flat at $16.60 during trading on Friday. The stock had a trading volume of 36,428 shares, compared to its average volume of 68,702. First Trust Multi-Asset Diversified Income Index Fund has a one year low of $15.52 and a one year high of $17.02. The stock has a fifty day moving average price of $16.78 and a two-hundred day moving average price of $16.60. The stock has a market capitalization of $424.13 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 disclosed a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were issued a dividend of $0.115 per share. The ex-dividend date was Friday, August 21st. This is a positive change from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 8.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC increased its position 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 acquiring an additional 81,733 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in First Trust Multi-Asset Diversified Income Index Fund during the 2nd quarter valued at about $192,000. Western Wealth Management LLC acquired a new position in First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter valued at about $49,000. Bank of America Corp DE increased its holdings in First Trust Multi-Asset Diversified Income Index Fund by 1.2% during the 1st quarter. Bank of America Corp DE now owns 564,283 shares of the company’s stock worth $9,124,000 after purchasing an additional 6,656 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in First Trust Multi-Asset Diversified Income Index Fund by 2.4% during the 1st quarter. Royal Bank of Canada now owns 419,475 shares of the company’s stock worth $6,783,000 after purchasing an additional 9,780 shares in the last quarter.

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.