First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Get Free Report) was the recipient of a significant growth in short interest in 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 trading volume, of 2,245 shares, the short-interest ratio is currently 3.6 days. Currently, 0.2% of the shares of the stock are short sold.
First Trust Dorsey Wright DALI Equity ETF Stock Up 1.1%
DALI traded up $0.31 during midday trading on Monday, hitting $27.32. 8,706 shares of the company were exchanged, compared to its average volume of 6,623. The firm has a market capitalization of $94.24 million, a P/E ratio of 20.39 and a beta of 0.74. The firm’s 50 day moving average price is $28.47 and its 200-day moving average price is $29.25. First Trust Dorsey Wright DALI Equity ETF has a 1-year low of $26.65 and a 1-year high of $31.46.
First Trust Dorsey Wright DALI Equity ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1465 dividend. This is a drop from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.2465. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.59 annualized dividend and a yield of 2.1%.
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 acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,903,600 shares of the company’s stock, valued at approximately $82,071,000. First Trust Dorsey Wright DALI Equity ETF accounts for about 8.9% of Strid Group LLC’s investment portfolio, making the stock its 4th biggest holding. Strid Group LLC owned approximately 84.16% of First Trust Dorsey Wright DALI Equity ETF at the end of the most recent quarter.
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.
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