Short Interest in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Decreases By 94.2%

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

First Trust Dorsey Wright DALI Equity ETF Stock Performance

First Trust Dorsey Wright DALI Equity ETF stock opened at $31.03 on Thursday. The firm has a 50 day simple moving average of $29.48 and a 200 day simple moving average 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. The firm has a market capitalization of $116.36 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0212 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.08 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On First Trust Dorsey Wright DALI Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of DALI. Citadel Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the third quarter worth about $1,157,000. Keel Point LLC increased 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 acquiring an additional 1,303 shares during the period. Stifel Financial Corp bought a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth approximately $251,000. Kestra Advisory Services LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth approximately $191,000. Finally, Western Wealth Management LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 1st quarter valued at $80,000.

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.