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 target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 800 shares, a decrease of 27.3% from the June 30th total of 1,100 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust S&P 500 Diversified Dividend Aristocrats ETF

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter worth $1,503,000. Atria Wealth Solutions Inc. acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter worth about $1,500,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the second quarter worth about $1,230,000. Signal Advisors Wealth LLC acquired a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the first quarter valued at about $939,000. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter valued at approximately $804,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Down 0.8%

First Trust S&P 500 Diversified Dividend Aristocrats ETF stock opened at $33.99 on Thursday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12-month low of $27.61 and a 12-month high of $35.34. The firm has a 50-day moving average price of $33.36 and a 200-day moving average price of $32.51. The firm has a market capitalization of $50.99 million, a PE ratio of 16.58 and a beta of 0.92.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.2429 per share. This represents a $0.97 annualized dividend and a yield of 2.86%. 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 26th.

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.