Draco Evolution AI ETF (NYSEARCA:DRAI) Sees Large Growth in Short Interest

Draco Evolution AI ETF (NYSEARCA:DRAI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 420 shares, an increase of 230.7% from the June 15th total of 127 shares. Based on an average trading volume of 2,075 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Draco Evolution AI ETF Stock Performance

DRAI traded up $0.11 on Tuesday, hitting $33.60. 691 shares of the company were exchanged, compared to its average volume of 3,967. The firm has a fifty day simple moving average of $34.62 and a two-hundred day simple moving average of $31.89. Draco Evolution AI ETF has a 12 month low of $27.34 and a 12 month high of $36.03. The stock has a market capitalization of $21.17 million, a PE ratio of 28.62 and a beta of 1.10.

Draco Evolution AI ETF Company Profile

The Draco Evolution AI ETF (DRAI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, fund-of-funds, investing in diverse asset classes such as US equities, gold, bonds, and currencies. The portfolio may include inverse and leveraged exposure DRAI was launched on Jul 10, 2024 and is issued by Draco.