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) saw 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 49,053 shares, the short-interest ratio is currently 0.5 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter worth approximately $49,000. D.A. Davidson & CO. acquired a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter valued at approximately $169,000. PFG Investments LLC purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the first quarter worth approximately $174,000. Sanctuary Advisors LLC purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund during the first quarter worth approximately $174,000. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the 4th quarter valued at $193,000.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of NASDAQ:MDIV traded down $0.07 during trading on Friday, hitting $16.52. 67,160 shares of the company were exchanged, compared to its average volume of 72,467. The stock has a market capitalization 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 12-month low of $15.52 and a 12-month high of $16.81. The firm’s 50 day moving average price is $16.46 and its 200-day moving average price is $16.22.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.1321 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 9.6%.

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.