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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 95 shares, a decline of 99.0% from the January 29th total of 9,747 shares. Based on an average daily trading volume, of 8,518 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,518 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of NASDAQ DALI traded up $0.39 during midday trading on Wednesday, reaching $30.61. 2,195 shares of the stock traded hands, compared to its average volume of 5,611. The company’s 50 day moving average is $29.82 and its 200 day moving average is $28.68. First Trust Dorsey Wright DALI Equity ETF has a one year low of $20.82 and a one year high of $30.97. The stock has a market capitalization of $123.99 million, a PE ratio of 20.39 and a beta of 0.72.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.0352 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%.

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

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF in the third quarter worth $1,157,000. Stifel Financial Corp purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth about $251,000. Kestra Advisory Services LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $191,000. Prospera Financial Services Inc grew its stake in First Trust Dorsey Wright DALI Equity ETF by 1.9% in the 2nd quarter. Prospera Financial Services Inc now owns 165,970 shares of the company’s stock worth $4,395,000 after acquiring an additional 3,081 shares in the last quarter. Finally, Holos Integrated Wealth LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter worth approximately $77,000.

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.