FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Sees Significant Increase in Short Interest

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) saw a large 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 238,874 shares, the days-to-cover ratio is currently 0.5 days.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Trading Up 0.3%

Shares of BATS KNG opened at $49.83 on Friday. The company has a market capitalization of $3.83 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 twelve month low of $47.68 and a twelve month high of $53.20. The business has a 50 day simple moving average of $51.24 and a 200-day simple moving average of $50.14.

Institutional Trading of FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the first quarter worth $30,000. AdvisorNet Financial Inc acquired a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 1st quarter valued at about $48,000. JPMorgan Chase & Co. grew its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after buying an additional 872 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter valued at about $116,000. Finally, Claris Financial LLC acquired a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the fourth quarter worth about $207,000.

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.