First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Large Drop in Short Interest

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,196 shares, a decline of 87.2% from the July 15th total of 17,207 shares. Based on an average trading volume of 7,381 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Dorsey Wright DALI Equity ETF

Hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the first quarter worth $80,000. Kestra Advisory Services LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter valued at $191,000. Stifel Financial Corp purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter valued at $251,000. Keel Point LLC increased its holdings in First Trust Dorsey Wright DALI Equity ETF by 8.7% in the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock valued at $468,000 after buying an additional 1,303 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the third quarter worth about $1,157,000.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

Shares of NASDAQ DALI traded up $0.28 during mid-day trading on Wednesday, hitting $29.31. The stock had a trading volume of 2,677 shares, compared to its average volume of 8,066. The company has a 50 day moving average of $29.24 and a two-hundred day moving average of $29.49. First Trust Dorsey Wright DALI Equity ETF has a twelve month low of $26.65 and a twelve month high of $31.46. The firm has a market cap of $101.12 million, a PE ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.2465 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change 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 dividend yield of 3.4%.

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.