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 recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 17,207 shares, a growth of 616.7% from the June 30th total of 2,401 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 1,962 shares, the short-interest ratio is currently 8.8 days.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of DALI. Citadel Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the third quarter worth $1,157,000. Keel Point LLC boosted its stake in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% in the fourth 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 period. Stifel Financial Corp acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $251,000. Kestra Advisory Services LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $191,000. Finally, Western Wealth Management LLC acquired 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 Trading Up 0.0%

First Trust Dorsey Wright DALI Equity ETF stock opened at $28.17 on Monday. First Trust Dorsey Wright DALI Equity ETF has a 52 week low of $26.50 and a 52 week high of $31.46. The stock has a fifty day moving average price of $29.78 and a 200 day moving average price of $29.63. The firm has a market capitalization of $98.60 million, a P/E ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.2465 per share. This represents a $0.99 annualized dividend and a yield of 3.5%. This is a positive change from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 25th.

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.