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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 11 shares, a decline of 94.2% from the April 30th total of 190 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,164 shares, the days-to-cover ratio is currently 0.0 days.

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

Large investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter worth approximately $1,157,000. Keel Point LLC lifted 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 buying an additional 1,303 shares in the last quarter. Stifel Financial Corp acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth approximately $251,000. Kestra Advisory Services LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth approximately $191,000. Finally, Western Wealth Management LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 1st quarter worth approximately $80,000.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.9%

NASDAQ:DALI traded down $0.27 on Wednesday, hitting $31.03. The stock had a trading volume of 4,929 shares, compared to its average volume of 7,913. The stock has a market cap of $116.36 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The company has a fifty day moving average price of $29.48 and a two-hundred day moving average price of $29.29. First Trust Dorsey Wright DALI Equity ETF has a 1-year low of $25.11 and a 1-year high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0212 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 26th.

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.