First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Short Interest Up 102.3% in February

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 46,147 shares, an increase of 102.3% from the February 12th total of 22,808 shares. Based on an average trading volume of 58,701 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 58,701 shares, the short-interest ratio is currently 0.8 days.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of First Trust Multi-Asset Diversified Income Index Fund stock traded down $0.02 during trading on Thursday, hitting $16.41. 93,200 shares of the company were exchanged, compared to its average volume of 77,185. The firm’s fifty day moving average price is $16.31 and its 200 day moving average price is $16.04. The firm has a market capitalization of $409.43 million, a P/E ratio of 14.11 and a beta of 0.62. First Trust Multi-Asset Diversified Income Index Fund has a 1-year low of $14.74 and a 1-year high of $16.81.

First Trust Multi-Asset Diversified Income Index Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.0772 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, February 20th.

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

A number of institutional investors have recently made changes to their positions in MDIV. Realta Investment Advisors bought a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the 3rd quarter valued at about $39,000. D.A. Davidson & CO. acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the 4th quarter worth about $169,000. Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the 4th quarter worth about $193,000. Comerica Bank raised 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 purchasing an additional 654 shares during the period. Finally, Advisory Services Network LLC grew its holdings in First Trust Multi-Asset Diversified Income Index Fund by 5.7% during the third quarter. Advisory Services Network LLC now owns 12,293 shares of the company’s stock worth $197,000 after purchasing an additional 660 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.