First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust S&P 500 Diversified Dividend Aristocrats ETF shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 16,200 shares of KNGZ short. Learn More on First Trust S&P 500 Diversified Dividend Aristocrats ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. KNGZ shares currently have a short interest ratio of 5.0. Learn More on First Trust S&P 500 Diversified Dividend Aristocrats ETF's short interest ratio.

First Trust S&P 500 Diversified Dividend Aristocrats ETF saw a decrease in short interest in October. As of October 15th, there was short interest totaling 16,200 shares, a decrease of 7.4% from the previous total of 17,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust S&P 500 Diversified Dividend Aristocrats ETF: VictoryShares Developed Enhanced Volatility Wtd ETF (0.03%), Principal Quality ETF (0.11%), ProShares Nasdaq-100 High Income ETF (0.83%), Global X NASDAQ 100 Risk Managed Income ETF (0.95%), SGI Enhanced Nasdaq-100 ETF (0.45%), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (2.04%), AdvisorShares Dorsey Wright Short ETF (1.66%), Global X Dax Germany ETF (1.25%), NYLI U.S. Large Cap R&D Leaders ETF (0.05%), iShares Large Cap Core Active ETF (1.13%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling KNGZ is an investing strategy that aims to generate trading profit from First Trust S&P 500 Diversified Dividend Aristocrats ETF as its price is falling. KNGZ shares are trading up $0.18 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust S&P 500 Diversified Dividend Aristocrats ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of KNGZ, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including KNGZ, twice per month. The most recent reporting period available is October, 15 2024.