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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 9,135 shares, a growth of 316.0% from the July 30th total of 2,196 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 5,748 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Dorsey Wright DALI Equity ETF Trading Up 0.2%

DALI stock traded up $0.05 during trading on Friday, hitting $29.74. 174 shares of the stock traded hands, compared to its average volume of 7,650. The stock has a market cap of $102.60 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a one year low of $26.65 and a one year high of $31.46. The company has a 50 day simple moving average of $28.99 and a 200 day simple moving average of $29.41.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.2465 per share. 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. This represents a $0.99 annualized dividend and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter worth approximately $1,157,000. Keel Point LLC raised its position 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 valued at $468,000 after purchasing an additional 1,303 shares during the last quarter. Stifel Financial Corp bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $251,000. Kestra Advisory Services LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $191,000. Finally, Western Wealth Management LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF in the first quarter worth $80,000.

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.