First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Significant Growth in Short Interest

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,401 shares, an increase of 4,517.3% from the June 15th total of 52 shares. Based on an average trading volume of 16,216 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Dorsey Wright DALI Equity ETF

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 3rd quarter worth $1,157,000. Stifel Financial Corp purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at about $251,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at about $191,000. Western Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 1st quarter valued at about $80,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $77,000.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

Shares of DALI traded down $0.10 during mid-day trading on Friday, hitting $28.77. 93 shares of the stock were exchanged, compared to its average volume of 8,441. The company has a market cap of $100.69 million, a PE ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a 52-week low of $26.29 and a 52-week high of $31.46. The firm has a 50-day moving average of $30.27 and a two-hundred day moving average of $29.68.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.2465 per share. The ex-dividend date of this dividend 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 yield of 3.4%.

About First Trust Dorsey Wright DALI Equity ETF

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.