First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Up 40.0% in October

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 700 shares, an increase of 40.0% from the September 30th total of 500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Dorsey Wright DALI Equity ETF Trading Down 0.3%

NASDAQ:DALI traded down $0.08 during trading hours on Monday, reaching $28.37. The company had a trading volume of 2,292 shares, compared to its average volume of 4,995. First Trust Dorsey Wright DALI Equity ETF has a 52 week low of $20.82 and a 52 week high of $28.87. The firm’s 50 day moving average price is $28.12 and its 200-day moving average price is $26.62. The firm has a market cap of $117.74 million, a price-to-earnings ratio of 20.39 and a beta of 0.72.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.036 dividend. This is a positive change from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Dorsey Wright DALI Equity ETF stock. Prospera Financial Services Inc lifted its stake in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,970 shares of the company’s stock after buying an additional 3,081 shares during the quarter. Prospera Financial Services Inc owned about 3.95% of First Trust Dorsey Wright DALI Equity ETF worth $4,395,000 as of its most recent filing with the Securities & Exchange Commission.

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.