First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Down 97.2% in June

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

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

A number of large investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the third quarter worth $1,157,000. Keel Point LLC increased its position in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% in the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after purchasing an additional 1,303 shares during the last quarter. Stifel Financial Corp purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth approximately $251,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $191,000. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 1st quarter worth $80,000.

First Trust Dorsey Wright DALI Equity ETF Trading Down 1.0%

Shares of DALI stock traded down $0.31 on Friday, hitting $29.41. 27,473 shares of the stock were exchanged, compared to its average volume of 8,354. The firm’s 50 day moving average is $30.45 and its two-hundred day moving average is $29.66. First Trust Dorsey Wright DALI Equity ETF has a one year low of $26.15 and a one year high of $31.46. The firm has a market capitalization of $110.29 million, a PE ratio of 20.39 and a beta of 0.73.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

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

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.