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 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. Based on an average trading volume of 8,839 shares, the short-interest ratio is currently 3.0 days. Currently, 1.7% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% in the third quarter. Envestnet Asset Management Inc. now owns 16,414 shares of the company’s stock worth $588,000 after purchasing an additional 399 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,555 shares of the company’s stock valued at $271,000 after purchasing an additional 438 shares during the period. Signal Advisors Wealth LLC grew its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% in the first quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock worth $1,677,000 after purchasing an additional 599 shares during the last quarter. Cetera Investment Advisers increased its stake in 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 buying an additional 729 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in 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 buying an additional 892 shares during the period.

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

Shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF stock traded up $0.09 during trading on Tuesday, reaching $42.50. 2,629 shares of the stock traded hands, compared to its average volume of 6,147. The company has a market capitalization of $65.88 million, a price-to-earnings ratio of 16.58 and a beta of 0.87. The business has a fifty day simple moving average of $41.37 and a two-hundred day simple moving average of $39.44. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52-week low of $33.67 and a 52-week high of $43.01.

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. Investors of record on Thursday, June 25th were issued a dividend of $0.3057 per share. This represents a $1.22 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16.

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.