First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Short Interest Down 35.4% in March
by Teresa Graham · The Cerbat GemFirst Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 133 shares, a decrease of 35.4% from the March 15th total of 206 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 10,255 shares, the short-interest ratio is currently 0.0 days.
First Trust Dorsey Wright DALI Equity ETF Stock Performance
Shares of DALI remained flat at $29.92 during trading hours on Thursday. 10,308 shares of the stock were exchanged, compared to its average volume of 8,721. The firm has a fifty day moving average of $28.89 and a two-hundred day moving average of $28.87. The firm has a market cap of $113.70 million, a PE ratio of 20.39 and a beta of 0.72. First Trust Dorsey Wright DALI Equity ETF has a 1-year low of $22.00 and a 1-year high of $30.97.
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 given a dividend of $0.0212 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.3%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Keel Point LLC raised its position in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% during the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock valued at $468,000 after buying an additional 1,303 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth about $77,000. Kestra Advisory Services LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth about $191,000. Stifel Financial Corp acquired a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth about $251,000. Finally, Citadel Advisors LLC acquired a new position in First Trust Dorsey Wright DALI Equity ETF in the third quarter worth about $1,157,000.
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.