Short Interest in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Drops By 74.0%

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 4,700 shares, a drop of 74.0% from the April 15th total of 18,100 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is currently 0.6 days.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.6 %

Shares of KNGZ stock opened at $31.09 on Friday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52 week low of $25.74 and a 52 week high of $31.69. The company’s fifty day simple moving average is $30.81 and its two-hundred day simple moving average is $29.54. The stock has a market cap of $31.09 million, a P/E ratio of 16.10 and a beta of 0.87.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.1288 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV purchased a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the first quarter valued at $544,000. Global Retirement Partners LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 1st quarter valued at about $152,000. Private Advisor Group LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter valued at about $734,000. Finally, Private Portfolio Partners LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the first quarter worth about $309,000.

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.