Short Interest in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Increases By 1,688.7%

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,379 shares, a growth of 1,688.7% from the March 31st total of 133 shares. Based on an average daily volume of 12,416 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Keel Point LLC grew its stake in First Trust Dorsey Wright DALI Equity ETF by 8.7% in the 4th 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 during the period. Holos Integrated Wealth LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $77,000. Kestra Advisory Services LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $191,000. Stifel Financial Corp bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $251,000. Finally, Citadel Advisors LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF in the 3rd quarter valued at $1,157,000.

First Trust Dorsey Wright DALI Equity ETF Price Performance

Shares of First Trust Dorsey Wright DALI Equity ETF stock opened at $30.00 on Friday. The company has a market capitalization of $112.50 million, a price-to-earnings ratio of 20.39 and a beta of 0.72. The business has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $28.96. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $23.50 and a 1 year high of $30.97.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

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

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.