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

Posted by Joseph Griffin on Oct 18th, 2024

Shares of First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI – Get Free Report) dropped 0.3% during trading on Thursday . The company traded as low as $25.65 and last traded at $25.65. Approximately 1,751 shares changed 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 Down 0.3 %

The company has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $23.97. The company has a market cap of $107.74 million, a price-to-earnings ratio of 6.12 and a beta of 0.75.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0241 dividend. This is an increase 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 0.38%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust DorseyWright DALI 1 ETF stock. Strid Group LLC increased its holdings in shares of First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI – Free Report) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,617,239 shares of the company’s stock after purchasing an additional 58,974 shares during the period. First Trust DorseyWright DALI 1 ETF accounts for about 13.9% of Strid Group LLC’s holdings, making the stock its 3rd biggest holding. Strid Group LLC owned approximately 86.12% of First Trust DorseyWright DALI 1 ETF worth $91,191,000 as of its most recent filing with the Securities and Exchange Commission.

About First Trust DorseyWright DALI 1 ETF

(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.