First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Short Interest Up 29.3% in February

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,500 shares, an increase of 29.3% from the February 13th total of 5,800 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 9,300 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tandem Financial LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter valued at about $32,000. Darwin Wealth Management LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 3rd quarter valued at about $111,000. Harbour Investments Inc. acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter valued at approximately $192,000. International Assets Investment Management LLC bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth approximately $233,000. Finally, Cetera Investment Advisers boosted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock worth $312,000 after acquiring an additional 513 shares during the last quarter.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.7 %

NASDAQ:KNGZ traded up $0.22 during mid-day trading on Monday, reaching $32.40. 7,912 shares of the company were exchanged, compared to its average volume of 6,720. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12 month low of $29.87 and a 12 month high of $35.34. The stock has a market cap of $46.98 million, a PE ratio of 18.29 and a beta of 0.97. The company has a fifty day moving average of $33.11 and a 200 day moving average of $33.58.

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.