First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Significant Growth in Short Interest

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large growth in short interest during the month of 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 volume of 2,245 shares, the short-interest ratio is currently 3.6 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Dorsey Wright DALI Equity ETF Price Performance

DALI opened at $27.07 on Tuesday. The firm has a 50 day simple moving average of $28.42 and a 200 day simple moving average of $29.23. 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 company has a market cap of $93.39 million, a price-to-earnings ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1465 per share. 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. This represents a $0.59 annualized dividend and a yield of 2.2%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust Dorsey Wright DALI Equity ETF stock. Strid Group LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,903,600 shares of the company’s stock, valued at approximately $82,071,000. First Trust Dorsey Wright DALI Equity ETF comprises 8.9% of Strid Group LLC’s holdings, making the stock its 4th largest holding. Strid Group LLC owned 84.16% of First Trust Dorsey Wright DALI Equity ETF at the end of the most recent reporting period.

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.