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) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 26,573 shares, a growth of 53.4% from the July 30th total of 17,321 shares. Based on an average daily trading volume, of 8,839 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KNGZ. Farther Finance Advisors LLC raised its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 317.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,173 shares of the company’s stock valued at $42,000 after buying an additional 892 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter valued at about $77,000. Darwin Wealth Management LLC purchased a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the second quarter worth about $114,000. Finally, Harbour Investments Inc. increased its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 29.3% during the fourth quarter. Harbour Investments Inc. now owns 4,089 shares of the company’s stock worth $146,000 after purchasing an additional 927 shares during the period.

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

Shares of KNGZ remained flat at $42.06 during trading on Wednesday. 688 shares of the company’s stock were exchanged, compared to its average volume of 6,114. The business’s fifty day moving average is $41.40 and its 200-day moving average is $39.46. The firm has a market cap of $65.19 million, a PE ratio of 16.58 and a beta of 0.87. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1-year low of $33.67 and a 1-year high of $43.01.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3057 dividend. This is a boost from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, June 25th. This represents a $1.22 annualized dividend and a yield of 2.9%.

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.