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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,832 shares, an increase of 16,554.5% from the May 14th total of 11 shares. Based on an average daily volume of 3,092 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of NASDAQ:DALI opened at $29.78 on Wednesday. The firm has a fifty day moving average price of $30.05 and a two-hundred day moving average price of $29.47. First Trust Dorsey Wright DALI Equity ETF has a one year low of $25.33 and a one year high of $31.46. The company has a market cap of $111.68 million, a price-to-earnings ratio of 20.39 and a beta of 0.73.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business 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 of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

A number of hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 1st quarter worth $80,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth $191,000. Stifel Financial Corp bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth $251,000. Keel Point LLC lifted its holdings in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% during the 4th quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Holos Integrated Wealth LLC bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth $77,000.

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.