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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large 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 shares of the company are sold short. Based on an average trading volume of 1,962 shares, the short-interest ratio is currently 8.8 days.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.7%

DALI stock traded down $0.18 during trading on Friday, reaching $28.17. 101 shares of the company’s stock were exchanged, compared to its average volume of 8,438. First Trust Dorsey Wright DALI Equity ETF has a 1-year low of $26.50 and a 1-year high of $31.46. The company’s fifty day moving average price is $29.78 and its 200-day moving average price is $29.63. The firm has a market cap of $98.60 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 disclosed 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. 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 dividend yield of 3.5%. The ex-dividend date was Thursday, June 25th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of DALI. Citadel Advisors LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 3rd quarter worth approximately $1,157,000. Keel Point LLC raised its position 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 buying an additional 1,303 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth $251,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth $191,000. Finally, Western Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the first quarter worth $80,000.

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.