First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Short Interest Up 207.3% in June

Posted by Geri Gentry on Jun 28th, 2026

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 98,128 shares, a growth of 207.3% from the May 31st total of 31,928 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 87,430 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in First Trust Multi-Asset Diversified Income Index Fund in the first quarter worth $49,000. Bank of America Corp DE lifted its position in First Trust Multi-Asset Diversified Income Index Fund by 1.2% during the first quarter. Bank of America Corp DE now owns 564,283 shares of the company’s stock valued at $9,124,000 after buying an additional 6,656 shares during the period. Royal Bank of Canada lifted its position in First Trust Multi-Asset Diversified Income Index Fund by 2.4% during the first quarter. Royal Bank of Canada now owns 419,475 shares of the company’s stock valued at $6,783,000 after buying an additional 9,780 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter valued at $174,000. Finally, Fifth Third Bancorp bought a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter valued at $196,000.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

MDIV traded up $0.11 on Friday, hitting $16.54. The company had a trading volume of 41,352 shares, compared to its average volume of 72,462. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $16.81. The stock has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $16.33. The firm has a market capitalization of $410.19 million, a P/E ratio of 14.11 and a beta of 0.54.

First Trust Multi-Asset Diversified Income Index Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.1588 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 11.5%. This is an increase from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.13.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

(Get Free Report)

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.