First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Sees Significant Increase in Short Interest
by Amy Steele · The Cerbat GemFirst Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Get Free Report) was the recipient of a significant increase in short interest during 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,092 shares, the days-to-cover ratio is currently 0.6 days.
Hedge Funds Weigh In On First Trust Dorsey Wright DALI Equity ETF
Several institutional investors have recently made changes to their positions in DALI. Citadel Advisors LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the third quarter valued at approximately $1,157,000. Stifel Financial Corp bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at approximately $251,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at approximately $191,000. Western Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the first quarter valued at approximately $80,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the fourth quarter valued at approximately $77,000.
First Trust Dorsey Wright DALI Equity ETF Trading Down 0.2%
First Trust Dorsey Wright DALI Equity ETF stock traded down $0.05 during midday trading on Tuesday, hitting $29.78. The stock had a trading volume of 8,337 shares, compared to its average volume of 7,889. The stock has a market cap of $111.68 million, a P/E ratio of 20.39 and a beta of 0.73. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $25.33 and a 12 month high of $31.46. The business has a fifty day moving average price of $29.99 and a 200 day moving average price of $29.45.
First Trust Dorsey Wright DALI Equity ETF Cuts Dividend
The business also recently announced 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. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.3%.
About First Trust Dorsey Wright DALI Equity ETF
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.