FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Sees Large Decline in Short Interest

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,992 shares, a decline of 94.9% from the July 30th total of 214,304 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 196,101 shares, the days-to-cover ratio is currently 0.1 days.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Performance

Shares of BATS KNG traded down $0.38 during trading hours on Tuesday, hitting $51.77. The stock had a trading volume of 463,007 shares, compared to its average volume of 333,949. The firm’s 50-day moving average price is $51.06 and its two-hundred day moving average price is $50.27. 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 company has a market capitalization of $3.97 billion, a P/E ratio of 21.48 and a beta of 0.83.

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

Several institutional investors and hedge funds have recently modified their holdings of KNG. Arkadios Wealth Advisors raised its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% in the 1st quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock worth $24,651,000 after acquiring an additional 433,799 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the fourth quarter valued at about $4,671,000. Janney Montgomery Scott LLC increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 23.8% in the first quarter. Janney Montgomery Scott LLC now owns 385,974 shares of the company’s stock worth $18,801,000 after purchasing an additional 74,198 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 194.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 111,138 shares of the company’s stock worth $5,462,000 after purchasing an additional 73,389 shares during the period. Finally, Argent Advisors Inc. lifted its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 12.0% during the 4th quarter. Argent Advisors Inc. now owns 151,941 shares of the company’s stock worth $7,468,000 after purchasing an additional 16,291 shares during the last quarter.

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.