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 large decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,653 shares, a decline of 70.3% from the August 31st total of 59,474 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 61,531 shares, the short-interest ratio is presently 0.3 days.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

Shares of MDIV opened at $16.02 on Friday. The firm has a market cap of $412.51 million, a P/E ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a 52 week low of $15.52 and a 52 week high of $17.02. The firm’s 50-day simple moving average is $16.70 and its 200 day simple moving average is $16.58.

First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.0960 per share. 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 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, September 24th.

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

A number of large investors have recently made changes to their positions in MDIV. Western Wealth Management LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter worth approximately $49,000. PFG Investments LLC acquired a new position in First Trust Multi-Asset Diversified Income Index Fund in the 1st quarter valued at $174,000. Sanctuary Advisors LLC bought a new position in First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter worth $174,000. Flaharty Asset Management LLC bought a new position in First Trust Multi-Asset Diversified Income Index Fund during the 2nd quarter worth $192,000. Finally, Fifth Third Bancorp acquired a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the first quarter worth $196,000.

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.