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

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 7,516 shares, a decrease of 39.3% from the August 31st total of 12,383 shares. Based on an average daily volume of 6,608 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are short sold.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 1.4%

KNGZ stock traded up $0.58 during mid-day trading on Thursday, hitting $41.11. The company had a trading volume of 1,709 shares, compared to its average volume of 6,203. The company has a 50-day moving average price of $41.96 and a 200 day moving average price of $40.05. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12-month low of $33.67 and a 12-month high of $43.06. The company has a market capitalization of $65.78 million, a price-to-earnings ratio of 16.58 and a beta of 0.87.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.2621 per share. This is a drop from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.3057. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.05 annualized dividend and a yield of 2.5%.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

A number of institutional investors have recently modified their holdings of KNGZ. Envestnet Asset Management Inc. increased its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,943 shares of the company’s stock worth $1,040,000 after buying an additional 6,157 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 15,815 shares of the company’s stock worth $570,000 after buying an additional 1,082 shares during the period. D.A. Davidson & CO. lifted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.2% during the 1st quarter. D.A. Davidson & CO. now owns 61,936 shares of the company’s stock worth $2,231,000 after buying an additional 1,349 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 19.7% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 7,094 shares of the company’s stock valued at $256,000 after purchasing an additional 1,168 shares during the period. Finally, Signal Advisors Wealth LLC raised its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% in the first quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock valued at $1,677,000 after buying an additional 599 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.