FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Stock Short Interest Falls 43.9%

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 46,432 shares, a decline of 43.9% from the September 30th total of 82,745 shares. Based on an average daily trading volume, of 348,541 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the first quarter worth $30,000. SBI Securities Co. Ltd. lifted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.6% during the third quarter. SBI Securities Co. Ltd. now owns 11,286 shares of the company’s stock worth $543,000 after purchasing an additional 700 shares during the period. CoreCap Advisors LLC lifted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.9% during the second quarter. CoreCap Advisors LLC now owns 29,124 shares of the company’s stock worth $1,471,000 after purchasing an additional 834 shares during the period. Kingswood Wealth Advisors LLC grew its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 15.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 17,440 shares of the company’s stock worth $840,000 after buying an additional 2,294 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the second quarter worth about $116,000.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Trading Up 1.5%

Shares of KNG stock opened at $52.47 on Tuesday. The stock has a market cap of $4.03 billion, a P/E ratio of 21.48 and a beta of 0.83. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a 1 year low of $47.68 and a 1 year high of $53.20. The stock has a 50 day simple moving average of $50.08 and a 200 day simple moving average of $50.27.

About FT Vest S&P 500 Dividend Aristocrats Target Income ETF

The FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options. KNG was launched on Mar 26, 2018 and is managed by First Trust.