First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Short Interest Down 42.6% in February

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) saw a large 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 days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% in the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock worth $312,000 after buying an additional 513 shares during the last quarter. Citadel Advisors LLC bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter worth $1,503,000. Envestnet Asset Management Inc. lifted its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 50.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,378 shares of the company’s stock worth $689,000 after buying an additional 7,157 shares during the period. Woodmont Investment Counsel LLC grew 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 acquiring an additional 4,440 shares during the period. Finally, LPL Financial LLC raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% in the 4th quarter. LPL Financial LLC now owns 386,115 shares of the company’s stock worth $12,440,000 after acquiring an additional 9,444 shares in the last quarter.

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

First Trust S&P 500 Diversified Dividend Aristocrats ETF stock traded down $0.31 during trading hours on Tuesday, reaching $33.07. The stock had a trading volume of 3,910 shares, compared to its average volume of 7,390. The company has a fifty day simple moving average of $33.08 and a 200-day simple moving average of $33.60. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52 week low of $29.87 and a 52 week high of $35.34. The stock has a market cap of $47.95 million, a PE ratio of 15.51 and a beta of 0.83.

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 paid a $0.2663 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.