Short Interest in FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Rises By 50.1%

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 214,304 shares, a growth of 50.1% from the July 15th total of 142,804 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 323,502 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

A number of large investors have recently added to or reduced their stakes in KNG. Anchor Investment Management LLC purchased a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 1st quarter valued at $30,000. JPMorgan Chase & Co. lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after buying an additional 872 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 1st quarter worth $48,000. Claris Financial LLC purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 4th quarter worth $207,000. Finally, DB&C Advisors LLC bought a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the fourth quarter worth $235,000.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Down 0.9%

Shares of KNG stock opened at $51.59 on Tuesday. The company has a 50 day moving average price of $50.84 and a 200-day moving average price of $50.24. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a 52 week low of $47.68 and a 52 week high of $53.20. The firm has a market capitalization of $3.96 billion, a PE ratio of 21.48 and a beta of 0.83.

About FT Vest S&P 500 Dividend Aristocrats Target Income ETF

The FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options. KNG was launched on Mar 26, 2018 and is managed by First Trust.