Short Interest in First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Declines By 83.3%

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 15,773 shares, a decrease of 83.3% from the June 30th total of 94,495 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 71,099 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of large investors have recently modified their holdings of MDIV. Western Wealth Management LLC bought a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter valued at about $49,000. D.A. Davidson & CO. bought a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter worth approximately $169,000. PFG Investments LLC bought a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the first quarter worth approximately $174,000. Sanctuary Advisors LLC purchased a new stake in First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at approximately $174,000. Finally, Flaharty Asset Management LLC purchased a new stake in First Trust Multi-Asset Diversified Income Index Fund in the second quarter valued at approximately $192,000.

First Trust Multi-Asset Diversified Income Index Fund Stock Up 0.5%

Shares of MDIV stock traded up $0.08 on Friday, reaching $16.77. The company’s stock had a trading volume of 28,843 shares, compared to its average volume of 71,517. The company has a market capitalization of $428.50 million, a P/E 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 $17.00. The stock’s 50 day simple moving average is $16.63 and its 200-day simple moving average is $16.46.

First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.0684 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, July 21st.

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.