First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Trading Down 0.3% – Here’s What Happened

Posted by Anthony Miller on Oct 19th, 2024

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI – Get Free Report)’s stock price dropped 0.3% during trading on Thursday . The stock traded as low as $25.65 and last traded at $25.65. Approximately 1,751 shares traded hands during trading, a decline of 89% from the average daily volume of 15,332 shares. The stock had previously closed at $25.72.

First Trust DorseyWright DALI 1 ETF Stock Performance

The firm has a market cap of $108.19 million, a price-to-earnings ratio of 6.12 and a beta of 0.75. The business has a fifty day moving average of $24.51 and a two-hundred day moving average of $23.97.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.0241 dividend. This is a positive change from First Trust DorseyWright DALI 1 ETF’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.10 annualized dividend and a yield of 0.37%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust DorseyWright DALI 1 ETF stock. Strid Group LLC raised its holdings in shares of First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI – Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,617,239 shares of the company’s stock after acquiring an additional 58,974 shares during the quarter. First Trust DorseyWright DALI 1 ETF makes up 13.9% of Strid Group LLC’s investment portfolio, making the stock its 3rd largest position. Strid Group LLC owned approximately 86.12% of First Trust DorseyWright DALI 1 ETF worth $91,191,000 as of its most recent SEC filing.

First Trust DorseyWright DALI 1 ETF Company Profile

(Get Free Report)

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.