First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Up 4,517.3% in June

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

First Trust Dorsey Wright DALI Equity ETF Stock Performance

Shares of DALI stock traded down $0.10 during mid-day trading on Friday, reaching $28.77. 93 shares of the company’s stock traded hands, compared to its average volume of 8,441. The firm has a market capitalization 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 12 month low of $26.29 and a 12 month high of $31.46. The firm has a 50 day moving average price of $30.27 and a two-hundred day moving average price of $29.68.

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First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.2465 per share. This represents a $0.99 annualized dividend and a yield of 3.4%. This is a boost from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DALI. Citadel Advisors LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the third quarter worth $1,157,000. Keel Point LLC lifted its stake in First Trust Dorsey Wright DALI Equity ETF by 8.7% in the 4th quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after purchasing an additional 1,303 shares in the last quarter. Stifel Financial Corp bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at about $251,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at about $191,000. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the first quarter worth about $80,000.

About First Trust Dorsey Wright DALI Equity ETF

(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.

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