First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Significant Increase in Short Interest

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 2,379 shares, a growth of 1,688.7% from the March 31st total of 133 shares. Based on an average daily trading volume, of 12,416 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Keel Point LLC boosted its position in shares of 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 acquiring an additional 1,303 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at approximately $77,000. Kestra Advisory Services LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $191,000. Stifel Financial Corp acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter worth $251,000. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the third quarter worth $1,157,000.

First Trust Dorsey Wright DALI Equity ETF Price Performance

NASDAQ DALI traded up $0.21 during trading on Friday, hitting $30.00. The company’s stock had a trading volume of 30,441 shares, compared to its average volume of 8,601. First Trust Dorsey Wright DALI Equity ETF has a fifty-two week low of $23.50 and a fifty-two week high of $30.97. The company has a market cap of $112.50 million, a PE ratio of 20.39 and a beta of 0.72. The business’s 50 day simple moving average is $28.91 and its 200-day simple moving average is $28.94.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

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

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.