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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 9,747 shares, an increase of 74,876.9% from the January 15th total of 13 shares. Based on an average daily trading volume, of 3,122 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,122 shares, the days-to-cover ratio is currently 3.1 days.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

Shares of NASDAQ DALI opened at $29.96 on Thursday. First Trust Dorsey Wright DALI Equity ETF has a fifty-two week low of $20.82 and a fifty-two week high of $30.97. The company has a market cap of $121.34 million, a PE ratio of 20.39 and a beta of 0.72. The business has a 50-day simple moving average of $29.64 and a two-hundred day simple moving average of $28.49.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0352 per share. The ex-dividend date was Friday, December 12th. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%.

Institutional Investors Weigh In On First Trust Dorsey Wright DALI Equity ETF

A number of large investors have recently made changes to their positions in DALI. Holos Integrated Wealth LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $77,000. Prospera Financial Services Inc boosted its position in First Trust Dorsey Wright DALI Equity ETF by 1.9% in the 2nd quarter. Prospera Financial Services Inc now owns 165,970 shares of the company’s stock worth $4,395,000 after purchasing an additional 3,081 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter worth approximately $1,157,000.

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.