First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Short Interest Down 53.4% in August

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,383 shares, a drop of 53.4% from the August 15th total of 26,573 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 3,770 shares, the days-to-cover ratio is presently 3.3 days.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Up 0.1%

Shares of KNGZ opened at $42.44 on Monday. The company’s 50-day moving average price is $41.76 and its 200 day moving average price is $39.68. 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 firm has a market cap of $65.79 million, a P/E ratio of 16.58 and a beta of 0.87.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.3057 dividend. This is a positive change from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.9%.

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

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.6% in the first quarter. Goldman Sachs Group Inc. now owns 12,336 shares of the company’s stock valued at $397,000 after purchasing an additional 2,964 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.5% during the second quarter. Cetera Investment Advisers now owns 11,879 shares of the company’s stock worth $399,000 after buying an additional 729 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter valued at $114,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter valued at $45,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,414 shares of the company’s stock valued at $588,000 after buying an additional 399 shares during the period.

About First Trust S&P 500 Diversified Dividend Aristocrats ETF

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.