First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Update

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 9,135 shares, a growth of 316.0% from the July 30th total of 2,196 shares. Based on an average daily volume of 5,748 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth $251,000. Keel Point LLC grew its stake in 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. Citadel Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter valued at $1,157,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $191,000. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 1st quarter worth $80,000.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

NASDAQ:DALI opened at $29.57 on Friday. The firm has a market cap of $102.02 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a 52 week low of $26.65 and a 52 week high of $31.46. The firm has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $29.41.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

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