First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Sees Large Drop in Short Interest

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 11,900 shares, a drop of 26.5% from the October 15th total of 16,200 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is currently 2.0 days.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Performance

Shares of KNGZ traded down $0.13 during trading hours on Thursday, reaching $34.12. The stock had a trading volume of 5,677 shares, compared to its average volume of 5,701. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12 month low of $27.64 and a 12 month high of $34.91. The stock has a market capitalization of $40.94 million, a PE ratio of 15.51 and a beta of 0.83. The company’s 50-day moving average is $34.01 and its two-hundred day moving average is $32.66.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Portfolio Partners LLC bought a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the first quarter valued at approximately $309,000. Nations Financial Group Inc. IA ADV raised its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 17,543 shares of the company’s stock valued at $551,000 after purchasing an additional 350 shares in the last quarter. NBC Securities Inc. lifted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1,138.7% during the third quarter. NBC Securities Inc. now owns 11,768 shares of the company’s stock valued at $404,000 after buying an additional 10,818 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the third quarter worth $372,000. Finally, Darwin Wealth Management LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 3rd quarter valued at approximately $111,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Company Profile

The First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a sector-neutral US large-cap index selected and weighted based on dividend history and yield. KNGZ was launched on Jun 20, 2017 and is issued by First Trust.