First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Down 87.2% in July

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,196 shares, a decline of 87.2% from the July 15th total of 17,207 shares. Based on an average daily trading volume, of 7,381 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.3%

NASDAQ:DALI traded down $0.09 during mid-day trading on Friday, reaching $29.32. 592 shares of the company were exchanged, compared to its average volume of 8,132. The stock has a market cap of $101.15 million, a PE ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $26.65 and a 12 month high of $31.46. The company has a fifty day moving average of $29.17 and a 200 day moving average of $29.47.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.2465 per share. This represents a $0.99 annualized dividend and a dividend yield of 3.4%. This is an increase 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.

First Trust Dorsey Wright DALI Equity ETF Company Profile

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.