First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Shares Up 0.1% – Should You Buy?

Posted by Alanna Baker on Nov 9th, 2024

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI – Get Free Report) shares shot up 0.1% on Friday . The stock traded as high as $26.83 and last traded at $26.83. 1,768 shares traded hands during trading, a decline of 88% from the average session volume of 14,481 shares. The stock had previously closed at $26.81.

First Trust DorseyWright DALI 1 ETF Stock Performance

The stock has a market capitalization of $112.69 million, a P/E ratio of 6.12 and a beta of 0.75. The stock has a 50 day moving average of $25.01 and a 200 day moving average of $24.24.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.0241 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust DorseyWright DALI 1 ETF’s previous quarterly dividend of $0.00. This represents a $0.10 annualized dividend and a yield of 0.36%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust DorseyWright DALI 1 ETF stock. Strid Group LLC lifted its stake in shares of First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI – Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 comprises approximately 13.9% of Strid Group LLC’s holdings, making the stock its 3rd largest position. Strid Group LLC owned about 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.