Short Interest in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Grows By 53.4%

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) saw a significant growth in short interest in 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. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 8,839 shares, the days-to-cover ratio is currently 3.0 days.

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

Shares of NASDAQ:KNGZ opened at $42.31 on Thursday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a fifty-two week low of $33.67 and a fifty-two week high of $43.01. The business’s fifty day moving average price is $41.45 and its two-hundred day moving average price is $39.49. The stock has a market capitalization 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.3057 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.9%. 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,414 shares of the company’s stock worth $588,000 after buying an additional 399 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,555 shares of the company’s stock valued at $271,000 after acquiring an additional 438 shares during the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% in the 1st quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock valued at $1,677,000 after purchasing an additional 599 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.5% in the 2nd quarter. Cetera Investment Advisers now owns 11,879 shares of the company’s stock worth $399,000 after purchasing an additional 729 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 worth $42,000 after purchasing an additional 892 shares during the last quarter.

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.