FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Short Interest Up 934.3% in August

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 113,687 shares, an increase of 934.3% from the August 15th total of 10,992 shares. Based on an average daily volume of 238,874 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Down 0.7%

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF stock traded down $0.36 on Thursday, reaching $49.68. 1,669,519 shares of the stock were exchanged, compared to its average volume of 336,794. The business has a 50 day moving average price of $51.31 and a two-hundred day moving average price of $50.16. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a twelve month low of $47.68 and a twelve month high of $53.20.

Institutional Trading of FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of KNG. Anchor Investment Management LLC purchased a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 1st quarter valued at $30,000. CoreCap Advisors LLC raised its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.9% during the second quarter. CoreCap Advisors LLC now owns 29,124 shares of the company’s stock worth $1,471,000 after purchasing an additional 834 shares during the last quarter. JPMorgan Chase & Co. lifted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the second quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after purchasing an additional 872 shares during the period. AdvisorNet Financial Inc acquired a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the first quarter valued at $48,000. Finally, Continuum Advisory LLC purchased a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the second quarter valued at $116,000.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

The FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options. KNG was launched on Mar 26, 2018 and is managed by First Trust.