First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Large Decrease in Short Interest

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 190 shares, a decline of 92.0% from the April 15th total of 2,379 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 10,076 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Dorsey Wright DALI Equity ETF Trading Up 0.5%

Shares of NASDAQ DALI traded up $0.15 during trading hours on Monday, hitting $31.40. 4,215 shares of the company traded hands, compared to its average volume of 8,429. The stock has a market capitalization of $117.75 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The company’s 50 day moving average price is $29.01 and its 200 day moving average price is $29.11. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $24.89 and a 12 month high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0212 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.3%.

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

Several large investors have recently modified their holdings of DALI. Citadel Advisors LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter valued at approximately $1,157,000. Stifel Financial Corp purchased a new position in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $251,000. Kestra Advisory Services LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $191,000. Holos Integrated Wealth LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at $77,000. Finally, Keel Point LLC boosted 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 valued at $468,000 after acquiring an additional 1,303 shares during the period.

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.