FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Short Interest Up 934.3% in August

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 113,687 shares, an increase of 934.3% from the August 15th total of 10,992 shares. Based on an average trading volume of 238,874 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Down 0.7%

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF stock traded down $0.36 during midday trading on Thursday, hitting $49.68. The company had a trading volume of 1,669,519 shares, compared to its average volume of 336,794. The company has a fifty day simple moving average of $51.31 and a 200 day simple moving average of $50.16. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a 12-month low of $47.68 and a 12-month high of $53.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the second quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock worth $48,000 after buying an additional 872 shares during the period. Captrust Financial Advisors increased its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 13.4% in the 2nd quarter. Captrust Financial Advisors now owns 32,803 shares of the company’s stock valued at $1,611,000 after acquiring an additional 3,887 shares during the period. Triumph Capital Management raised its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 18.4% in the 3rd quarter. Triumph Capital Management now owns 62,349 shares of the company’s stock worth $3,074,000 after acquiring an additional 9,701 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 194.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 111,138 shares of the company’s stock worth $5,462,000 after acquiring an additional 73,389 shares during the last quarter. Finally, Argent Advisors Inc. lifted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 12.0% during the 4th quarter. Argent Advisors Inc. now owns 151,941 shares of the company’s stock worth $7,468,000 after acquiring an additional 16,291 shares during the period.

About FT Vest S&P 500 Dividend Aristocrats Target Income ETF

The FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options. KNG was launched on Mar 26, 2018 and is managed by First Trust.