First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Shares Shorted: Short Interest Up 63.7% in October

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,133 shares, a growth of 63.7% from the September 30th total of 4,967 shares. Based on an average daily volume of 2,245 shares, the days-to-cover ratio is currently 3.6 days. Currently, 0.2% of the company’s shares are short sold.

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

An institutional investor recently bought a new position in First Trust Dorsey Wright DALI Equity ETF stock. Strid Group LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,903,600 shares of the company’s stock, valued at approximately $82,071,000. First Trust Dorsey Wright DALI Equity ETF makes up about 8.9% of Strid Group LLC’s holdings, making the stock its 4th largest position. Strid Group LLC owned 84.16% of First Trust Dorsey Wright DALI Equity ETF at the end of the most recent reporting period.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

NASDAQ:DALI opened at $26.96 on Wednesday. First Trust Dorsey Wright DALI Equity ETF has a fifty-two week low of $26.65 and a fifty-two week high of $31.46. The firm has a market cap of $93.02 million, a PE ratio of 20.39 and a beta of 0.74. The business has a 50 day moving average price of $28.37 and a 200-day moving average price of $29.22.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.1465 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.59 dividend on an annualized basis and a yield of 2.2%. This is a decrease from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.2465.

First Trust Dorsey Wright DALI Equity ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for First Trust Dorsey Wright DALI Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Dorsey Wright DALI Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.