First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Large Decrease in Short Interest

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALIGet Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 2,196 shares, a decrease of 87.2% from the July 15th total of 17,207 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 7,381 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

DALI stock traded up $0.28 during midday trading on Wednesday, reaching $29.31. 2,677 shares of the company traded hands, compared to its average volume of 8,066. The firm has a market capitalization of $101.12 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The business has a 50 day moving average of $29.24 and a 200-day moving average of $29.49. First Trust Dorsey Wright DALI Equity ETF has a 52-week low of $26.65 and a 52-week high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Dorsey Wright DALI Equity ETF

Several hedge funds have recently modified their holdings of DALI. Citadel Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the third quarter valued at about $1,157,000. Keel Point LLC raised its stake in shares of 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 acquiring 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 worth approximately $251,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth approximately $191,000. Finally, Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the first quarter valued at approximately $80,000.

First Trust Dorsey Wright DALI Equity ETF Company Profile

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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.

Further Reading

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