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

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,383 shares, a drop of 53.4% from the August 15th total of 26,573 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 3,770 shares, the days-to-cover ratio is presently 3.3 days.

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

Several institutional investors have recently made changes to their positions in KNGZ. Harbour Investments Inc. raised its holdings 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 last quarter. Total Clarity Wealth Management Inc. grew its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 19.7% in the first quarter. Total Clarity Wealth Management Inc. now owns 7,094 shares of the company’s stock valued at $256,000 after purchasing an additional 1,168 shares during the last quarter. 17 Capital Partners LLC increased its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 26.3% in the fourth quarter. 17 Capital Partners LLC now owns 8,836 shares of the company’s stock valued at $316,000 after buying an additional 1,840 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 15,815 shares of the company’s stock valued at $570,000 after buying an additional 1,082 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% during the 1st quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock worth $1,677,000 after buying an additional 599 shares during the last quarter.

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

NASDAQ KNGZ traded down $0.09 during trading on Tuesday, reaching $42.31. The company’s stock had a trading volume of 813 shares, compared to its average volume of 6,174. The firm has a market cap of $65.58 million, a price-to-earnings ratio of 16.58 and a beta of 0.87. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a twelve month low of $33.67 and a twelve month high of $43.06. The business’s fifty day moving average price is $41.83 and its 200-day moving average price is $39.75.

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

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

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.