First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Shares Shorted: Short Interest Down 41.4% in September

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,967 shares, a decline of 41.4% from the September 15th total of 8,477 shares. Based on an average trading volume of 4,076 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

Shares of NASDAQ DALI traded down $0.12 during midday trading on Friday, hitting $27.52. 3,710 shares of the company’s stock traded hands, compared to its average volume of 6,809. The firm has a fifty day moving average of $28.88 and a 200 day moving average of $29.36. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $26.65 and a 1 year high of $31.46. The stock has a market capitalization of $94.95 million, a price-to-earnings ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1465 per share. This represents a $0.59 annualized dividend and a yield of 2.1%. This is a negative change from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.2465. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

A hedge fund recently bought a new position in First Trust Dorsey Wright DALI Equity ETF stock. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,871 shares of the company’s stock, valued at approximately $80,000. Western Wealth Management LLC owned 0.08% of First Trust Dorsey Wright DALI Equity ETF as of its most recent SEC filing.

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.