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

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

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

NASDAQ KNGZ opened at $42.44 on Monday. The firm has a 50 day simple moving average of $41.76 and a 200-day simple moving average of $39.68. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a one year low of $33.67 and a one year high of $43.06. The firm has a market cap of $65.79 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 firm 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.22 annualized dividend 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.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 13.5% in the fourth quarter. LPL Financial LLC now owns 458,411 shares of the company’s stock valued at $16,416,000 after acquiring an additional 54,677 shares in the last quarter. Susquehanna International Group LLP increased its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 94.1% during the 3rd quarter. Susquehanna International Group LLP now owns 28,031 shares of the company’s stock worth $1,004,000 after purchasing an additional 13,590 shares during the period. Osaic Holdings Inc. increased its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 18.4% during the 4th quarter. Osaic Holdings Inc. now owns 52,239 shares of the company’s stock worth $1,871,000 after purchasing an additional 8,132 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 3rd quarter valued at about $282,000. Finally, 17 Capital Partners LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 3rd quarter valued at about $251,000.

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.