First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Update

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 17,207 shares, a growth of 616.7% from the June 30th total of 2,401 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 1,962 shares, the short-interest ratio is presently 8.8 days.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

Several hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter valued at approximately $1,157,000. Stifel Financial Corp acquired a new stake in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth $251,000. Kestra Advisory Services LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter valued at $191,000. Western Wealth Management LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF in the first quarter valued at $80,000. Finally, Keel Point LLC boosted its holdings in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% during the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock valued at $468,000 after acquiring an additional 1,303 shares during the period.

First Trust Dorsey Wright DALI Equity ETF Trading Down 0.7%

First Trust Dorsey Wright DALI Equity ETF stock traded down $0.18 during midday trading on Friday, hitting $28.17. The stock had a trading volume of 101 shares, compared to its average volume of 8,438. The stock has a market cap of $98.60 million, a P/E ratio of 20.39 and a beta of 0.74. The business has a fifty day moving average price of $29.78 and a 200 day moving average price of $29.63. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $26.50 and a 12 month high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2465 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. This represents a $0.99 dividend on an annualized basis and a yield of 3.5%.

First Trust Dorsey Wright DALI Equity ETF Company Profile

The First Trust Dorsey Wright DALI 1 ETF (DALI) is an exchange-traded fund that is based on the Nasdaq Dorsey Wright DALI1 index. The fund tracks an index that uses momentum indicators to rotate between asset classes. The fund holds a single asset class at a time and uses other First Trust ETFs for exposure. DALI was launched on May 14, 2018 and is managed by First Trust.