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

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

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

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

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

First Trust Multi-Asset Diversified Income Index Fund stock traded down $0.04 during trading on Tuesday, reaching $16.69. The company had a trading volume of 112,099 shares, compared to its average volume of 69,130. The firm’s 50-day simple moving average is $16.75 and its 200 day simple 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 firm has a market capitalization of $426.43 million, a PE 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 was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a dividend of $0.115 per share. The ex-dividend date of this dividend 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) dividend on an annualized basis and a dividend yield of 8.3%.

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.