Short Interest in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Grows By 78.7%

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,400 shares, a growth of 78.7% from the February 28th total of 7,500 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.9% of the company’s shares are short sold.

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

First Trust S&P 500 Diversified Dividend Aristocrats ETF stock traded down $0.48 during trading on Friday, hitting $31.86. The company’s stock had a trading volume of 9,324 shares, compared to its average volume of 6,695. The stock’s fifty day moving average is $33.11 and its 200 day moving average is $33.51. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1-year low of $29.87 and a 1-year high of $35.34. The stock has a market capitalization of $46.20 million, a price-to-earnings ratio of 17.05 and a beta of 0.97.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.1558 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, March 27th.

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

Several hedge funds have recently modified their holdings of KNGZ. D.A. Davidson & CO. raised its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 27.2% during the third quarter. D.A. Davidson & CO. now owns 33,918 shares of the company’s stock worth $1,166,000 after purchasing an additional 7,258 shares during the period. Woodmont Investment Counsel LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 41.1% during the 4th quarter. Woodmont Investment Counsel LLC now owns 15,256 shares of the company’s stock worth $492,000 after buying an additional 4,440 shares during the last quarter. Harbour Investments Inc. purchased a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter worth $192,000. Kovack Advisors Inc. boosted its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 100.0% in the fourth quarter. Kovack Advisors Inc. now owns 36,000 shares of the company’s stock valued at $1,160,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Tandem Financial LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at $32,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Company Profile

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.