First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Down 98.1% in March

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 206 shares, a drop of 98.1% from the February 26th total of 10,782 shares. Based on an average daily volume of 13,726 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,726 shares, the days-to-cover ratio is currently 0.0 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the third quarter worth about $1,157,000. Stifel Financial Corp purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $251,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $191,000. Holos Integrated Wealth LLC acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $77,000. Finally, Keel Point LLC boosted 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 valued at $468,000 after purchasing an additional 1,303 shares during the period.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of NASDAQ:DALI traded down $0.12 during trading on Tuesday, hitting $27.36. 2,754 shares of the company were exchanged, compared to its average volume of 8,383. The firm’s 50 day moving average price is $29.49 and its 200-day moving average price is $28.82. First Trust Dorsey Wright DALI Equity ETF has a 12-month low of $20.82 and a 12-month high of $30.97. The stock has a market capitalization of $110.81 million, a P/E ratio of 20.39 and a beta of 0.72.

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.