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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 4,967 shares, a drop of 41.4% from the September 15th total of 8,477 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,076 shares, the days-to-cover ratio is presently 1.2 days.

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

An institutional investor recently bought a new position in First Trust Dorsey Wright DALI Equity ETF stock. Western Wealth Management LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,871 shares of the company’s stock, valued at approximately $80,000. Western Wealth Management LLC owned approximately 0.08% of First Trust Dorsey Wright DALI Equity ETF as of its most recent SEC filing.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.4%

Shares of DALI traded down $0.10 on Friday, hitting $27.54. The company’s stock had a trading volume of 3,641 shares, compared to its average volume of 6,809. First Trust Dorsey Wright DALI Equity ETF has a fifty-two week low of $26.65 and a fifty-two week high of $31.46. The firm’s fifty day moving average price is $28.91 and its 200-day moving average price is $29.38. The firm has a market capitalization of $95.01 million, a price-to-earnings ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1465 per share. This represents a $0.59 annualized dividend and a yield of 2.1%. This is a decrease from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.2465. The ex-dividend date of this dividend was Thursday, September 24th.

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.