Short Interest in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Expands By 74,876.9%

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 9,747 shares, a growth of 74,876.9% from the January 15th total of 13 shares. Based on an average daily volume of 3,122 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,122 shares, the days-to-cover ratio is currently 3.1 days.

First Trust Dorsey Wright DALI Equity ETF Trading Down 0.4%

Shares of DALI opened at $30.11 on Wednesday. First Trust Dorsey Wright DALI Equity ETF has a 1-year low of $20.82 and a 1-year high of $30.97. The firm has a market capitalization of $121.93 million, a price-to-earnings ratio of 20.39 and a beta of 0.72. The firm’s 50-day moving average price is $29.61 and its 200-day moving average price is $28.48.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.0352 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, December 12th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DALI. Citadel Advisors LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF during the third quarter valued at $1,157,000. Prospera Financial Services Inc increased its stake in shares of First Trust Dorsey Wright DALI Equity ETF by 1.9% in the 2nd quarter. Prospera Financial Services Inc now owns 165,970 shares of the company’s stock worth $4,395,000 after acquiring an additional 3,081 shares in the last quarter. Finally, Holos Integrated Wealth LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at about $77,000.

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.