Short Interest in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Grows By 587.5%

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,500 shares, a growth of 587.5% from the July 15th total of 800 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 1.7 days.

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

NASDAQ:KNGZ traded down $0.16 during trading hours on Monday, hitting $31.60. The company had a trading volume of 681 shares, compared to its average volume of 5,564. The company has a market capitalization of $34.76 million, a PE ratio of 15.51 and a beta of 0.83. The stock has a 50-day moving average price of $31.93 and a 200 day moving average price of $31.11. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52 week low of $25.74 and a 52 week high of $33.27.

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

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2222 dividend. This represents a $0.89 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of First Trust S&P 500 Diversified Dividend Aristocrats ETF

Several large investors have recently added to or reduced their stakes in KNGZ. Global Retirement Partners LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the first quarter valued at $152,000. Private Portfolio Partners LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the first quarter valued at $309,000. Nations Financial Group Inc. IA ADV purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the first quarter valued at $544,000. Finally, Private Advisor Group LLC purchased a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter worth about $734,000.

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.