First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Sees Large Growth in Short Interest

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 46,147 shares, a growth of 102.3% from the February 12th total of 22,808 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 58,701 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 58,701 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

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 the company. Flaharty Asset Management LLC lifted its holdings in First Trust Multi-Asset Diversified Income Index Fund by 2.5% during the 2nd quarter. Flaharty Asset Management LLC now owns 1,611,174 shares of the company’s stock worth $25,473,000 after purchasing an additional 39,642 shares during the last quarter. Ameriprise Financial Inc. grew its holdings 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 in the last quarter. Stifel Financial Corp increased its position in First Trust Multi-Asset Diversified Income Index Fund by 3.1% during the 4th quarter. Stifel Financial Corp now owns 582,651 shares of the company’s stock worth $9,159,000 after buying an additional 17,582 shares during the period. Bank of America Corp DE lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 3.9% during the third quarter. Bank of America Corp DE now owns 551,792 shares of the company’s stock worth $8,851,000 after buying an additional 20,850 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of First Trust Multi-Asset Diversified Income Index Fund by 8.1% in the fourth quarter. Harbour Investments Inc. now owns 418,547 shares of the company’s stock valued at $6,580,000 after acquiring an additional 31,184 shares during the period.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

Shares of MDIV stock traded down $0.01 during midday trading on Friday, hitting $16.33. 21,418 shares of the company were exchanged, compared to its average volume of 76,047. First Trust Multi-Asset Diversified Income Index Fund has a 52 week low of $14.74 and a 52 week high of $16.81. The firm has a market capitalization of $407.43 million, a P/E ratio of 14.11 and a beta of 0.62. The firm’s 50 day moving average price is $16.33 and its two-hundred day moving average price is $16.04.

First Trust Multi-Asset Diversified Income Index Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.0772 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, February 20th.

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.