First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Update

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 11 shares, a decrease of 94.2% from the April 30th total of 190 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,164 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter valued at $1,157,000. Keel Point LLC raised its holdings in 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 valued at $468,000 after buying an additional 1,303 shares during the period. Stifel Financial Corp purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $251,000. Kestra Advisory Services LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $191,000. Finally, Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the 1st quarter valued at $80,000.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of NASDAQ DALI traded up $0.05 during midday trading on Friday, reaching $31.15. 338 shares of the stock traded hands, compared to its average volume of 7,764. The stock has a market capitalization of $116.81 million, a PE ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a one year low of $25.11 and a one year high of $31.46. The company’s 50 day moving average is $29.60 and its 200 day moving average is $29.33.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0212 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 26th.

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.