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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 52 shares, a drop of 97.2% from the May 31st total of 1,832 shares. Based on an average daily trading volume, of 11,738 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Dorsey Wright DALI Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Holos Integrated Wealth LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth about $77,000. Western Wealth Management LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF during the 1st quarter valued at $80,000. Kestra Advisory Services LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $191,000. Stifel Financial Corp purchased a new position in First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at approximately $251,000. Finally, Keel Point LLC raised its position in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% in the 4th quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after acquiring an additional 1,303 shares in the last quarter.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of DALI traded up $0.16 during trading hours on Thursday, hitting $29.72. The stock had a trading volume of 12,316 shares, compared to its average volume of 8,195. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $25.90 and a 12 month high of $31.46. The firm has a market capitalization of $111.45 million, a PE ratio of 20.39 and a beta of 0.73. The stock has a fifty day moving average price of $30.45 and a 200 day moving average price of $29.66.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.2465 dividend. This represents a $0.99 annualized dividend and a dividend yield of 3.3%. This is a boost from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is 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.