First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Short Interest Up 78.7% in March

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 13,400 shares, an increase of 78.7% from the February 28th total of 7,500 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 1.9 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Tandem Financial LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. bought a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter worth $192,000. International Assets Investment Management LLC bought a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at about $233,000. Cetera Investment Advisers boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock worth $312,000 after acquiring an additional 513 shares during the last quarter. Finally, Woodmont Investment Counsel LLC grew its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 41.1% in the fourth quarter. Woodmont Investment Counsel LLC now owns 15,256 shares of the company’s stock valued at $492,000 after purchasing an additional 4,440 shares in the last quarter.

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

Shares of NASDAQ:KNGZ traded down $0.48 during midday trading on Friday, hitting $31.86. The company’s stock had a trading volume of 9,324 shares, compared to its average volume of 6,695. The stock’s 50 day simple moving average is $33.11 and its 200 day simple moving average is $33.52. The stock has a market capitalization of $46.20 million, a price-to-earnings ratio of 17.05 and a beta of 0.97. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a fifty-two week low of $29.87 and a fifty-two week high of $35.34.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.1558 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, March 27th.

About First Trust S&P 500 Diversified Dividend Aristocrats ETF

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.