Short Interest in FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Drops By 43.4%

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 135,312 shares, a drop of 43.4% from the April 15th total of 238,903 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 459,459 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% during the first quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock valued at $24,651,000 after acquiring an additional 433,799 shares in the last quarter. Sunbelt Securities Inc. raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 31.5% during the first quarter. Sunbelt Securities Inc. now owns 40,243 shares of the company’s stock valued at $1,960,000 after acquiring an additional 9,639 shares in the last quarter. Resolute Wealth Strategies LLC raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 63.6% during the first quarter. Resolute Wealth Strategies LLC now owns 30,354 shares of the company’s stock valued at $1,479,000 after acquiring an additional 11,804 shares in the last quarter. MTM Investment Management LLC raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 32.7% during the first quarter. MTM Investment Management LLC now owns 15,710 shares of the company’s stock valued at $765,000 after acquiring an additional 3,870 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the first quarter valued at approximately $433,000.

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

KNG stock opened at $48.65 on Tuesday. The stock has a market cap of $3.74 billion, a P/E ratio of 21.48 and a beta of 0.83. The firm has a 50 day simple moving average of $49.10 and a 200 day simple moving average of $49.81. 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.

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.