Short Interest in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Increases By 4,517.3%

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,401 shares, an increase of 4,517.3% from the June 15th total of 52 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 16,216 shares, the short-interest ratio is presently 0.1 days.

First Trust Dorsey Wright DALI Equity ETF Trading Up 0.2%

Shares of NASDAQ:DALI traded up $0.05 during mid-day trading on Friday, reaching $28.93. The stock had a trading volume of 93 shares, compared to its average volume of 8,441. The company has a market cap of $101.24 million, a P/E ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $26.29 and a 1 year high of $31.46. The business’s 50 day moving average price is $30.27 and its 200 day moving average price is $29.68.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Holos Integrated Wealth LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth $77,000. Western Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 1st quarter worth $80,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth $191,000. Stifel Financial Corp bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth about $251,000. Finally, Keel Point LLC increased its holdings in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% in the 4th quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after buying an additional 1,303 shares during the last quarter.

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.