First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Shares Shorted: Short Interest Down 41.4% in September

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 4,967 shares, a drop of 41.4% from the September 15th total of 8,477 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,076 shares, the days-to-cover ratio is presently 1.2 days.

First Trust Dorsey Wright DALI Equity ETF Stock Down 0.2%

DALI stock traded down $0.05 during trading on Thursday, hitting $27.49. The company had a trading volume of 1,341 shares, compared to its average volume of 6,823. The stock has a market cap of $94.84 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The firm has a 50-day moving average price of $28.94 and a 200-day moving average price of $29.37. First Trust Dorsey Wright DALI Equity ETF has a 12 month low of $26.65 and a 12 month high of $31.46.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1465 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.59 annualized dividend and a yield of 2.1%. This is a decrease from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.2465.

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

A hedge fund recently bought a new stake in First Trust Dorsey Wright DALI Equity ETF stock. Western Wealth Management LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,871 shares of the company’s stock, valued at approximately $80,000. Western Wealth Management LLC owned about 0.08% of First Trust Dorsey Wright DALI Equity ETF as of its most recent SEC filing.

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.