First Trust Multi-Asset Diversified Income Index Fund (MDIV) Price, Holdings, & News

First Trust Multi-Asset Diversified Income Index Fund saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 38,500 shares, a decrease of 26.8% from the April 30th total of 52,600 shares. Based on an average daily trading volume, of 85,900 shares, the short-interest ratio is presently 0.4 days.
View First Trust Multi-Asset Diversified Income Index Fund's Short Interest.

First Trust Multi-Asset Diversified Income Index Fund declared a monthly dividend on Monday, May 20th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.0904 per share on Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date of this dividend is Tuesday, May 21st.
Read our dividend analysis for MDIV.

First Trust Multi-Asset Diversified Income Index Fund is a multi asset fund issued by First Trust. MDIV focuses on target outcome investments and follows the Nasdaq US Multi-Asset Diversified Income Index. The fund's investments total to approximately $411.05 million assets under management.

MDIV invests in 121 holdings. Some of the stocks in their portfolio include First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS), Alliance Resource Partners (ARLP), PennyMac Mortgage Investment Trust (PMT), Ready Capital (RC), Icahn Enterprises (IEP), Rithm Capital (RITM), Kimbell Royalty Partners (KRP), Black Stone Minerals (BSM), Dorchester Minerals (DMLP) and Ladder Capital (LADR).

First Trust Multi-Asset Diversified Income Index Fund's management fee is 0.60% and has other expenses of 0.24%. However, MDIV has a fee waiver of -0.12% to reimburse the expenses. The net expense ratio for MDIV is 0.72%.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Trust Multi-Asset Diversified Income Index Fund investors own include Johnson & Johnson (JNJ), Coca-Cola (KO), Procter & Gamble (PG), AT&T (T), Crown Castle (CCI), Chevron (CVX), Energy Transfer (ET), Home Depot (HD), Intel (INTC) and ONEOK (OKE).

First Trust Multi-Asset Diversified Income Index Fund's stock is owned by a variety of institutional and retail investors. Top institutional investors include Commonwealth Equity Services LLC (1.56%), Capital Investment Advisory Services LLC (0.88%), Cetera Investment Advisers (0.78%), StoneX Group Inc. (0.70%), Raymond James Financial Services Advisors Inc. (0.59%) and Cambridge Investment Research Advisors Inc. (0.38%).