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

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 5,800 shares, a decrease of 42.6% from the January 31st total of 10,100 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.6 days.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter worth $1,503,000. D.A. Davidson & CO. raised its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 88.7% during the 4th quarter. D.A. Davidson & CO. now owns 63,997 shares of the company’s stock worth $2,062,000 after purchasing an additional 30,079 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 100.0% during the 4th quarter. Kovack Advisors Inc. now owns 36,000 shares of the company’s stock worth $1,160,000 after buying an additional 18,000 shares during the period. Woodmont Investment Counsel LLC bought a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 3rd quarter valued at about $372,000. Finally, LPL Financial LLC increased its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% in the fourth quarter. LPL Financial LLC now owns 386,115 shares of the company’s stock valued at $12,440,000 after buying an additional 9,444 shares during the period.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.8 %

Shares of KNGZ stock traded up $0.27 during mid-day trading on Friday, reaching $33.70. 2,239 shares of the stock traded hands, compared to its average volume of 7,424. The company has a market cap of $48.87 million, a price-to-earnings ratio of 15.51 and a beta of 0.83. The stock’s fifty day simple moving average is $33.06 and its two-hundred day simple moving average is $33.59. 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.

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

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2663 per share. The ex-dividend date was Friday, December 13th.

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.