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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 17,207 shares, an increase of 616.7% from the June 30th total of 2,401 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 1,962 shares, the days-to-cover ratio is currently 8.8 days.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.7%

DALI traded down $0.18 during trading on Friday, hitting $28.17. The company’s stock had a trading volume of 101 shares, compared to its average volume of 8,438. The firm has a market capitalization of $98.60 million, a P/E ratio of 20.39 and a beta of 0.74. First Trust Dorsey Wright DALI Equity ETF has a twelve month low of $26.50 and a twelve month high of $31.46. The stock’s fifty day moving average price is $29.78 and its 200-day moving average price is $29.63.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.2465 per share. This is a boost from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. This represents a $0.99 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, June 25th.

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 the company. Citadel Advisors LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter valued at about $1,157,000. Keel Point LLC increased its stake in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% in the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock valued at $468,000 after purchasing an additional 1,303 shares during the period. Stifel Financial Corp acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the fourth quarter valued at approximately $251,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at approximately $191,000. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the first quarter valued at approximately $80,000.

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.