Short Interest in FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Rises By 50.1%

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 214,304 shares, a growth of 50.1% from the July 15th total of 142,804 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 323,502 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the first quarter worth $30,000. AdvisorNet Financial Inc purchased a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the first quarter valued at $48,000. JPMorgan Chase & Co. boosted its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% in the second quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after purchasing an additional 872 shares during the last quarter. Claris Financial LLC acquired a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 4th quarter valued at about $207,000. Finally, DB&C Advisors LLC purchased a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the fourth quarter valued at approximately $235,000.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Performance

KNG stock opened at $51.75 on Wednesday. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a one year low of $47.68 and a one year high of $53.20. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83. The firm has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $50.24.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

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.