First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Short Interest Update

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 17,653 shares, a decrease of 70.3% from the August 31st total of 59,474 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 61,531 shares, the short-interest ratio is currently 0.3 days.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

Shares of NASDAQ MDIV traded down $0.08 during mid-day trading on Monday, reaching $15.94. The company had a trading volume of 130,988 shares, compared to its average volume of 68,352. The stock has a fifty day moving average of $16.70 and a two-hundred day moving average of $16.58. The company has a market capitalization of $410.45 million, a price-to-earnings ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a 12-month low of $15.52 and a 12-month high of $17.02.

First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a $0.0960 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.15 annualized dividend and a yield of 7.2%. This is a drop from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.1150.

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

A number of institutional investors have recently modified their holdings of MDIV. Western Wealth Management LLC purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter valued at $49,000. PFG Investments LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund during the first quarter valued at $174,000. Sanctuary Advisors LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund during the first quarter valued at $174,000. Flaharty Asset Management LLC purchased a new position in First Trust Multi-Asset Diversified Income Index Fund in the second quarter valued at about $192,000. Finally, Fifth Third Bancorp acquired a new position in First Trust Multi-Asset Diversified Income Index Fund in the 1st quarter worth about $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.