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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the fourth quarter worth about $77,000. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 1st quarter valued at about $80,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $191,000. Stifel Financial Corp purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $251,000. Finally, Keel Point LLC increased its position 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 purchasing an additional 1,303 shares in the last quarter.

First Trust Dorsey Wright DALI Equity ETF Price Performance

DALI stock traded down $0.40 on Friday, hitting $29.32. 27,573 shares of the company were exchanged, compared to its average volume of 8,355. The stock has a market capitalization of $109.95 million, a price-to-earnings ratio of 20.39 and a beta of 0.73. First Trust Dorsey Wright DALI Equity ETF has a twelve month low of $26.15 and a twelve month high of $31.46. The business’s fifty day moving average is $30.44 and its two-hundred day moving average is $29.66.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

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

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.