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 significant growth in short interest in February. As of February 28th, there was short interest totalling 7,500 shares, a growth of 29.3% from the February 13th total of 5,800 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 0.8 days.

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

KNGZ traded up $0.22 on Monday, reaching $32.40. 7,912 shares of the company traded hands, compared to its average volume of 6,720. The stock’s 50 day moving average price is $33.11 and its 200-day moving average price is $33.58. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52-week low of $29.87 and a 52-week high of $35.34. The company has a market cap of $46.98 million, a price-to-earnings ratio of 18.29 and a beta of 0.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% in the fourth quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock valued at $312,000 after acquiring an additional 513 shares during the last quarter. Tandem Financial LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at approximately $32,000. Darwin Wealth Management LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the third quarter valued at approximately $111,000. Woodmont Investment Counsel LLC lifted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 41.1% in the fourth quarter. Woodmont Investment Counsel LLC now owns 15,256 shares of the company’s stock valued at $492,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at approximately $192,000.

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.