First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Short Interest Up 78.7% in March

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 13,400 shares, an increase of 78.7% from the February 28th total of 7,500 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is currently 1.9 days.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% in the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock worth $312,000 after buying an additional 513 shares during the period. Citadel Advisors LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter worth about $1,503,000. Envestnet Asset Management Inc. grew its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 50.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,378 shares of the company’s stock worth $689,000 after purchasing an additional 7,157 shares during the period. Woodmont Investment Counsel LLC increased its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 41.1% during the fourth quarter. Woodmont Investment Counsel LLC now owns 15,256 shares of the company’s stock valued at $492,000 after purchasing an additional 4,440 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% during the fourth quarter. LPL Financial LLC now owns 386,115 shares of the company’s stock valued at $12,440,000 after purchasing an additional 9,444 shares during the last quarter.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Performance

KNGZ stock opened at $31.86 on Monday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a fifty-two week low of $29.87 and a fifty-two week high of $35.34. The company has a market capitalization of $46.20 million, a price-to-earnings ratio of 17.05 and a beta of 0.97. The business’s 50 day moving average price is $33.11 and its two-hundred day moving average price is $33.52.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.1558 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.62 annualized dividend and a yield of 1.96%.

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.