First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Down 99.0% in February

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 95 shares, a drop of 99.0% from the January 29th total of 9,747 shares. Based on an average daily trading volume, of 8,518 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 8,518 shares, the short-interest ratio is presently 0.0 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prospera Financial Services Inc boosted its holdings in First Trust Dorsey Wright DALI Equity ETF by 1.9% in the second 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. Citadel Advisors LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 3rd quarter valued at approximately $1,157,000. Holos Integrated Wealth LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth approximately $77,000. Keel Point LLC grew its position 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 worth $468,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at approximately $251,000.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

NASDAQ:DALI traded up $0.39 during midday trading on Wednesday, reaching $30.61. 2,195 shares of the stock traded hands, compared to its average volume of 5,611. The stock has a market capitalization of $123.99 million, a PE ratio of 20.39 and a beta of 0.72. First Trust Dorsey Wright DALI Equity ETF has a 12-month low of $20.82 and a 12-month high of $30.97. The business has a 50-day moving average of $29.82 and a two-hundred day moving average of $28.68.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

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

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.