First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Short Interest Up 7.0% in August

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 45,800 shares, an increase of 7.0% from the July 31st total of 42,800 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in First Trust DorseyWright DALI 1 ETF by 200,000.0% in the second quarter. Wells Fargo & Company MN now owns 2,001 shares of the company’s stock valued at $52,000 after acquiring an additional 2,000 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in First Trust DorseyWright DALI 1 ETF in the first quarter valued at approximately $57,000. IFP Advisors Inc lifted its holdings in First Trust DorseyWright DALI 1 ETF by 50.2% in the fourth quarter. IFP Advisors Inc now owns 3,155 shares of the company’s stock valued at $64,000 after acquiring an additional 1,055 shares during the last quarter. UBS Group AG lifted its holdings in First Trust DorseyWright DALI 1 ETF by 1,614.8% in the third quarter. UBS Group AG now owns 4,870 shares of the company’s stock valued at $117,000 after acquiring an additional 4,586 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in First Trust DorseyWright DALI 1 ETF in the second quarter valued at approximately $204,000.

First Trust DorseyWright DALI 1 ETF Trading Up 0.7 %

DALI opened at $26.49 on Friday. First Trust DorseyWright DALI 1 ETF has a one year low of $23.74 and a one year high of $27.31. The business’s 50 day moving average price is $26.18 and its 200 day moving average price is $25.76.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 28th were issued a $0.4628 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. This is a boost from First Trust DorseyWright DALI 1 ETF’s previous quarterly dividend of $0.06. This represents a $1.85 dividend on an annualized basis and a yield of 6.99%.

About First Trust DorseyWright DALI 1 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.