FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Shorted: Short Interest Down 43.9% in October

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 46,432 shares, a decrease of 43.9% from the September 30th total of 82,745 shares. Based on an average daily trading volume, of 348,541 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNG. Resolute Wealth Strategies LLC grew its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 63.6% during the first quarter. Resolute Wealth Strategies LLC now owns 30,354 shares of the company’s stock worth $1,479,000 after purchasing an additional 11,804 shares during the period. Arkadios Wealth Advisors increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% in the 1st quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock valued at $24,651,000 after acquiring an additional 433,799 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 15.1% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 17,440 shares of the company’s stock worth $840,000 after acquiring an additional 2,294 shares during the period. SBI Securities Co. Ltd. increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 11,286 shares of the company’s stock valued at $543,000 after buying an additional 700 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 2nd quarter worth about $116,000.

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

BATS:KNG opened at $51.70 on Friday. The firm’s 50-day moving average is $50.07 and its 200-day moving average is $50.26. The company has a market cap of $3.97 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 52-week low of $47.68 and a 52-week high of $53.20.

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.