First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,882 shares, an increase of 133.5% from the September 30th total of 3,376 shares. Based on an average daily volume of 56,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.
Hedge Funds Weigh In On First Trust Multi-Asset Diversified Income Index Fund
A number of hedge funds and other institutional investors have recently modified their holdings of MDIV. Ameritas Advisory Services LLC lifted its holdings in First Trust Multi-Asset Diversified Income Index Fund by 590.4% during the second quarter. Ameritas Advisory Services LLC now owns 95,576 shares of the company’s stock worth $1,579,000 after acquiring an additional 81,733 shares during the period. Sigma Planning Corp purchased a new position in First Trust Multi-Asset Diversified Income Index Fund in the third quarter worth $681,000. Envestnet Asset Management Inc. boosted its position in First Trust Multi-Asset Diversified Income Index Fund by 29.0% in the second quarter. Envestnet Asset Management Inc. now owns 124,986 shares of the company’s stock worth $2,065,000 after purchasing an additional 28,134 shares during the last quarter. Integrity Alliance LLC. bought a new position in First Trust Multi-Asset Diversified Income Index Fund in the 3rd quarter valued at $394,000. Finally, Columbia Advisory Partners LLC grew its stake in First Trust Multi-Asset Diversified Income Index Fund by 224.6% in the 3rd quarter. Columbia Advisory Partners LLC now owns 35,329 shares of the company’s stock valued at $559,000 after purchasing an additional 24,445 shares during the period.
First Trust Multi-Asset Diversified Income Index Fund Stock Performance
Shares of MDIV stock opened at $16.20 on Friday. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $17.02. The company has a 50-day simple moving average of $16.27 and a two-hundred day simple moving average of $16.47. The company has a market capitalization of $417.15 million, a price-to-earnings ratio of 14.11 and a beta of 0.55.
First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.0772 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $0.93 annualized dividend and a dividend yield of 5.7%. This is a decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.0960.
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.
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