FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Sees Large Decline in Short Interest

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 46,432 shares, a decline of 43.9% from the September 30th total of 82,745 shares. Based on an average trading volume of 348,541 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors boosted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% during the 1st quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock worth $24,651,000 after acquiring an additional 433,799 shares during the last quarter. Resolute Wealth Strategies LLC increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 63.6% in the 1st quarter. Resolute Wealth Strategies LLC now owns 30,354 shares of the company’s stock worth $1,479,000 after purchasing an additional 11,804 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 31.5% in the 1st quarter. Sunbelt Securities Inc. now owns 40,243 shares of the company’s stock worth $1,960,000 after purchasing an additional 9,639 shares in the last quarter. Bank of New York Mellon Corp bought a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 1st quarter worth $433,000. Finally, MTM Investment Management LLC raised its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 32.7% in the 1st quarter. MTM Investment Management LLC now owns 15,710 shares of the company’s stock worth $765,000 after purchasing an additional 3,870 shares during the period.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Price Performance

Shares of KNG opened at $51.70 on Monday. The firm has a market capitalization of $3.97 billion, a P/E ratio of 21.48 and a beta of 0.83. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a one year low of $47.68 and a one year high of $53.20. The business has a fifty day moving average of $50.07 and a 200 day moving average of $50.26.

About FT Vest S&P 500 Dividend Aristocrats Target Income ETF

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.