Short Interest in FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Drops By 43.4%

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 135,312 shares, a drop of 43.4% from the April 15th total of 238,903 shares. Based on an average daily trading volume, of 459,459 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

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

BATS:KNG opened at $48.09 on Monday. 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. The company has a market cap of $3.69 billion, a PE ratio of 21.48 and a beta of 0.83. The company has a 50 day simple moving average of $49.15 and a two-hundred day simple moving average of $49.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 23.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 385,974 shares of the company’s stock valued at $18,801,000 after acquiring an additional 74,198 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 310,459 shares of the company’s stock valued at $15,309,000 after acquiring an additional 6,492 shares during the last quarter. SlateStone Wealth LLC lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.3% in the 3rd quarter. SlateStone Wealth LLC now owns 260,586 shares of the company’s stock valued at $12,849,000 after acquiring an additional 5,937 shares during the last quarter. Argent Advisors Inc. lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 7.9% in the 1st quarter. Argent Advisors Inc. now owns 163,926 shares of the company’s stock valued at $7,985,000 after acquiring an additional 11,985 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 7.4% in the 4th quarter. Farther Finance Advisors LLC now owns 136,946 shares of the company’s stock valued at $6,731,000 after acquiring an additional 9,468 shares during the last quarter.

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.