First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Short Interest Down 65.9% in May

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 24,473 shares, a decrease of 65.9% from the April 30th total of 71,707 shares. Based on an average daily trading volume, of 49,053 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 0.4%

Shares of NASDAQ MDIV traded down $0.07 during midday trading on Friday, reaching $16.52. 67,160 shares of the company were exchanged, compared to its average volume of 72,467. The stock has a market cap of $409.70 million, a P/E ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a 1 year low of $15.52 and a 1 year high of $16.81. The stock has a fifty day simple moving average of $16.46 and a 200 day simple moving average of $16.22.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.1321 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase 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 dividend yield of 9.6%.

Institutional Investors Weigh In On First Trust Multi-Asset Diversified Income Index Fund

Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its position 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 buying an additional 915,595 shares during the last quarter. Elevation Capital Advisory LLC acquired a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund in the 4th quarter worth $2,745,000. Total Clarity Wealth Management Inc. lifted its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 92.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 109,460 shares of the company’s stock worth $1,756,000 after acquiring an additional 52,660 shares during the period. Royal Bank of Canada boosted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 11.5% in the fourth quarter. Royal Bank of Canada now owns 409,695 shares of the company’s stock valued at $6,441,000 after acquiring an additional 42,304 shares in the last quarter. Finally, TMB Capital Partners LLC acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the fourth quarter worth about $657,000.

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.