First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Shares Shorted: Short Interest Up 63.7% in October

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,133 shares, a growth of 63.7% from the September 30th total of 4,967 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,245 shares, the short-interest ratio is presently 3.6 days.

Hedge Funds 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. Strid Group LLC bought a new stake in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,903,600 shares of the company’s stock, valued at approximately $82,071,000. First Trust Dorsey Wright DALI Equity ETF accounts for about 8.9% of Strid Group LLC’s investment portfolio, making the stock its 4th biggest holding. Strid Group LLC owned approximately 84.16% of First Trust Dorsey Wright DALI Equity ETF as of its most recent SEC filing.

First Trust Dorsey Wright DALI Equity ETF Trading Up 1.1%

DALI stock traded up $0.31 on Monday, hitting $27.32. The company’s stock had a trading volume of 8,706 shares, compared to its average volume of 6,623. The firm has a 50 day moving average of $28.47 and a two-hundred day moving average of $29.25. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $26.65 and a 1 year high of $31.46. The stock has a market cap of $94.24 million, a price-to-earnings ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1465 dividend. 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.

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.