First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Sees Large Growth in Short Interest

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 5,500 shares, an increase of 587.5% from the July 15th total of 800 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 1.7 days.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Up 0.2 %

KNGZ traded up $0.08 during trading on Wednesday, reaching $32.16. The stock had a trading volume of 3,009 shares, compared to its average volume of 5,529. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a one year low of $25.74 and a one year high of $33.27. The company has a market capitalization of $35.38 million, a price-to-earnings ratio of 15.51 and a beta of 0.83. The stock’s 50 day moving average is $31.95 and its two-hundred day moving average is $31.13.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2222 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.89 annualized dividend and a dividend yield of 2.76%.

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

Institutional investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the first quarter worth about $734,000. Nations Financial Group Inc. IA ADV bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter worth approximately $544,000. Private Portfolio Partners LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter worth approximately $309,000. Finally, Global Retirement Partners LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter worth approximately $152,000.

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.