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

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the recipient of a significant decrease in short interest during the month of 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 trading volume, of 9,000 shares, the short-interest ratio is currently 0.6 days.

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

Shares of KNGZ stock traded down $0.32 on Monday, hitting $33.38. The company’s stock had a trading volume of 9,879 shares, compared to its average volume of 7,484. The stock has a market capitalization of $48.40 million, a price-to-earnings ratio of 15.51 and a beta of 0.83. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a fifty-two week low of $29.87 and a fifty-two week high of $35.34. The firm’s fifty day moving average price is $33.06 and its 200-day moving average price is $33.60.

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

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2663 dividend. The ex-dividend date was Friday, December 13th.

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

A number of large investors have recently added to or reduced their stakes in the stock. Tandem Financial LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at approximately $32,000. Darwin Wealth Management LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 3rd quarter valued at $111,000. Harbour Investments Inc. acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter valued at $192,000. International Assets Investment Management LLC bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter worth $233,000. Finally, Cetera Investment Advisers lifted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock worth $312,000 after acquiring an additional 513 shares during the last quarter.

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.