First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Short Interest Update

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 7,500 shares, a growth of 29.3% from the February 13th total of 5,800 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is presently 0.8 days.

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

Hedge funds have recently made changes to their positions in the stock. Tandem Financial LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth $32,000. Darwin Wealth Management LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 3rd quarter worth $111,000. Harbour Investments Inc. acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter valued at about $192,000. International Assets Investment Management LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter valued at about $233,000. Finally, Cetera Investment Advisers increased 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 valued at $312,000 after buying an additional 513 shares in the last quarter.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Down 0.8 %

Shares of NASDAQ KNGZ traded down $0.26 during mid-day trading on Tuesday, reaching $32.33. 2,113 shares of the company were exchanged, compared to its average volume of 6,684. The stock has a market cap of $46.88 million, a price-to-earnings ratio of 18.29 and a beta of 0.97. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1 year low of $29.87 and a 1 year high of $35.34. The firm has a 50-day moving average of $33.11 and a 200 day moving average of $33.57.

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.