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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) saw a large decline in short interest in 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 currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of First Trust Dorsey Wright DALI Equity ETF stock traded down $0.04 on Thursday, hitting $29.32. The company had a trading volume of 586 shares, compared to its average volume of 8,132. The business has a 50-day simple moving average of $29.21 and a 200-day simple moving average of $29.48. The company 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 52 week low of $26.65 and a 52 week high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2465 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 3.4%. This is a positive change from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, June 25th.

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

Several hedge funds have recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 1st quarter worth $80,000. Kestra Advisory Services LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF during the fourth quarter worth about $191,000. Stifel Financial Corp acquired a new position in First Trust Dorsey Wright DALI Equity ETF during the fourth quarter worth about $251,000. Keel Point LLC grew its holdings in First Trust Dorsey Wright DALI Equity ETF by 8.7% during the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after acquiring an additional 1,303 shares during the period. Finally, Citadel Advisors LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF in the third quarter worth about $1,157,000.

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.