First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Shares Shorted: Short Interest Down 41.4% in September

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 4,967 shares, a drop of 41.4% from the September 15th total of 8,477 shares. Based on an average trading volume of 4,076 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.2%

NASDAQ DALI traded down $0.05 during trading on Thursday, reaching $27.49. 1,341 shares of the stock traded hands, compared to its average volume of 6,823. 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 $94.84 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The stock’s 50-day moving average price is $28.94 and its 200 day moving average price is $29.37.

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First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1465 dividend. This represents a $0.59 annualized dividend and a dividend yield of 2.1%. This is a decrease from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.2465. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

An institutional investor recently bought a new stake in First Trust Dorsey Wright DALI Equity ETF stock. Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,871 shares of the company’s stock, valued at approximately $80,000. Western Wealth Management LLC owned approximately 0.08% of First Trust Dorsey Wright DALI Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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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