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) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 52 shares, a decline of 97.2% from the May 31st total of 1,832 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 11,738 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Dorsey Wright DALI Equity ETF Stock Up 0.5%

Shares of First Trust Dorsey Wright DALI Equity ETF stock traded up $0.16 during trading hours on Thursday, reaching $29.72. 12,316 shares of the company’s stock were exchanged, compared to its average volume of 8,195. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $25.90 and a 1 year high of $31.46. The company has a market capitalization of $111.45 million, a P/E ratio of 20.39 and a beta of 0.73. The business has a fifty day moving average of $30.45 and a two-hundred day moving average of $29.66.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.2465 per share. This represents a $0.99 annualized dividend and a yield of 3.3%. This is a positive change from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Holos Integrated Wealth LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during 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 valued at about $80,000. Kestra Advisory Services LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the fourth quarter worth approximately $191,000. Stifel Financial Corp acquired a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth $251,000. Finally, Keel Point LLC increased its position in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% during 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 in the last quarter.

First Trust Dorsey Wright DALI Equity ETF Company Profile

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.