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 target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 24,473 shares, a decline of 65.9% from the April 30th total of 71,707 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 49,053 shares, the short-interest ratio is currently 0.5 days.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

MDIV traded down $0.08 on Monday, reaching $16.44. 46,054 shares of the company’s stock were exchanged, compared to its average volume of 72,149. The stock has a market cap of $407.71 million, a PE ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a twelve month low of $15.52 and a twelve month high of $16.81. The stock’s fifty day moving average price is $16.46 and its 200-day moving average price is $16.23.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.1321 per share. The ex-dividend date was Thursday, May 21st. This is a boost from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 9.6%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of MDIV. Royal Bank of Canada boosted its position in First Trust Multi-Asset Diversified Income Index Fund by 4.3% during the first quarter. Royal Bank of Canada now owns 330,822 shares of the company’s stock worth $5,410,000 after acquiring an additional 13,600 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in First Trust Multi-Asset Diversified Income Index Fund by 17.8% in the 2nd quarter. Baird Financial Group Inc. now owns 14,134 shares of the company’s stock valued at $223,000 after purchasing an additional 2,134 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in First Trust Multi-Asset Diversified Income Index Fund by 147.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,538,244 shares of the company’s stock valued at $24,348,000 after purchasing an additional 915,595 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in First Trust Multi-Asset Diversified Income Index Fund by 15.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 66,625 shares of the company’s stock valued at $1,070,000 after purchasing an additional 9,142 shares during the last quarter. Finally, Proactive Wealth Strategies LLC boosted its holdings in First Trust Multi-Asset Diversified Income Index Fund by 40.2% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 21,598 shares of the company’s stock valued at $346,000 after purchasing an additional 6,198 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.