First Trust DorseyWright DALI 1 ETF (DALI) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust DorseyWright DALI 1 ETF shares that have been sold short but have not yet been closed out or covered. As of August 31st, investors have sold 36,100 shares of DALI short. Learn More on First Trust DorseyWright DALI 1 ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. DALI shares currently have a short interest ratio of 4.0. Learn More on First Trust DorseyWright DALI 1 ETF's short interest ratio.

First Trust DorseyWright DALI 1 ETF saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 36,100 shares, a drop of 21.2% from the previous total of 45,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust DorseyWright DALI 1 ETF: Invesco DWA Emerging Markets Momentum ETF (2.86%), First Trust International IPO ETF (1.56%), Invesco DWA Developed Markets Momentum ETF (2.61%), First Trust Dorsey Wright Dynamic Focus 5 ETF (0.00%), Invesco International BuyBack Achievers ETF (0.85%), First Trust Dorsey Wright International Focus 5 ETF (0.00%), Invesco Dorsey Wright Momentum ETF (0.11%), Invesco BuyBack Achievers ETF (0.23%), and First Trust Dorsey Wright Focus 5 ETF (0.05%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling DALI is an investing strategy that aims to generate trading profit from First Trust DorseyWright DALI 1 ETF as its price is falling. DALI shares are trading up $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust DorseyWright DALI 1 ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of DALI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including DALI, twice per month. The most recent reporting period available is August, 31 2023.