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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 190 shares, a decrease of 92.0% from the April 15th total of 2,379 shares. Based on an average daily trading volume, of 10,076 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.8%

NASDAQ:DALI traded down $0.24 during trading hours on Wednesday, reaching $30.72. The company had a trading volume of 578 shares, compared to its average volume of 8,347. The firm has a market cap of $115.20 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The business’s 50-day simple moving average is $29.03 and its two-hundred day simple moving average is $29.14. First Trust Dorsey Wright DALI Equity ETF has a twelve month low of $24.89 and a twelve month high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Holos Integrated Wealth LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at about $77,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at about $191,000. Stifel Financial Corp bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at about $251,000. Keel Point LLC lifted its position in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% during 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 in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the third quarter valued at about $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.