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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,832 shares, an increase of 16,554.5% from the May 14th total of 11 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,092 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of NASDAQ:DALI traded down $0.05 on Tuesday, reaching $29.78. 8,337 shares of the company traded hands, compared to its average volume of 7,889. The stock has a market capitalization of $111.68 million, a PE ratio of 20.39 and a beta of 0.73. The company’s 50 day moving average is $29.99 and its 200-day moving average is $29.45. First Trust Dorsey Wright DALI Equity ETF has a fifty-two week low of $25.33 and a fifty-two week high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0212 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

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

A number of institutional investors have recently bought and sold shares of DALI. Keel Point LLC raised its holdings in First Trust Dorsey Wright DALI Equity ETF by 8.7% during the 4th quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after buying an additional 1,303 shares during the period. Holos Integrated Wealth LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $77,000. Western Wealth Management LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 1st quarter worth about $80,000. Kestra Advisory Services LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $191,000. Finally, Stifel Financial Corp acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $251,000.

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.