First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Large Decrease 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 December. As of December 31st, there was short interest totaling 11 shares, a drop of 94.3% from the December 15th total of 194 shares. Based on an average trading volume of 5,500 shares, the days-to-cover 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 trading volume of 5,500 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Dorsey Wright DALI Equity ETF Stock Up 0.3%

Shares of NASDAQ DALI traded up $0.09 during mid-day trading on Monday, reaching $30.26. 3,460 shares of the company were exchanged, compared to its average volume of 3,966. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $20.82 and a 1 year high of $30.26. The firm has a 50-day moving average of $28.62 and a 200 day moving average of $27.95. The stock has a market cap of $124.07 million, a price-to-earnings ratio of 20.39 and a beta of 0.72.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given 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 of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Holos Integrated Wealth LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter valued at approximately $77,000. Prospera Financial Services Inc lifted its holdings in shares of First Trust Dorsey Wright DALI Equity ETF by 1.9% during the 2nd quarter. Prospera Financial Services Inc now owns 165,970 shares of the company’s stock valued at $4,395,000 after purchasing an additional 3,081 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the 3rd quarter worth $1,157,000.

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.