First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Update

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,401 shares, an increase of 4,517.3% from the June 15th total of 52 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 16,216 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of NASDAQ:DALI traded up $0.05 during trading on Friday, hitting $28.93. The company’s stock had a trading volume of 93 shares, compared to its average volume of 8,441. The company has a 50-day moving average of $30.27 and a 200-day moving average of $29.68. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $26.29 and a 12 month high of $31.46. The firm has a market cap of $101.24 million, a price-to-earnings ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.2465 per share. This is an increase from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02. This represents a $0.99 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Keel Point LLC lifted its position 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 acquiring an additional 1,303 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the first quarter worth about $80,000. Kestra Advisory Services LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at approximately $191,000. Citadel Advisors LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter valued at approximately $1,157,000. Finally, Stifel Financial Corp bought a new stake in First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at approximately $251,000.

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.