First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Stock Short Interest Report for September

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 3,376 shares, a decrease of 80.9% from the September 15th total of 17,653 shares. Based on an average daily trading volume, of 62,980 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Multi-Asset Diversified Income Index Fund Stock Down 0.3%

Shares of NASDAQ MDIV opened at $15.85 on Friday. First Trust Multi-Asset Diversified Income Index Fund has a twelve month low of $15.52 and a twelve month high of $17.02. The stock has a market cap of $408.14 million, a price-to-earnings ratio of 14.11 and a beta of 0.55. The company’s fifty day moving average is $16.51 and its 200-day moving average is $16.54.

First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.0960 per share. The ex-dividend date was Thursday, September 24th. This is a drop from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.1150. This represents a $1.15 annualized dividend and a yield of 7.3%.

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

A number of large investors have recently added to or reduced their stakes in MDIV. Western Wealth Management LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund in the 1st quarter valued at about $49,000. PFG Investments LLC bought a new position in First Trust Multi-Asset Diversified Income Index Fund during the first quarter worth about $174,000. Sanctuary Advisors LLC acquired a new position in First Trust Multi-Asset Diversified Income Index Fund during the first quarter worth approximately $174,000. Flaharty Asset Management LLC acquired a new position in First Trust Multi-Asset Diversified Income Index Fund during the second quarter worth approximately $192,000. Finally, Fifth Third Bancorp bought a new stake in First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at approximately $196,000.

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.