VistaShares Artificial Intelligence Supercycle ETF (NYSEARCA:AIS) Sees Significant Decline in Short Interest

VistaShares Artificial Intelligence Supercycle ETF (NYSEARCA:AIS) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 283,065 shares, a drop of 34.9% from the August 15th total of 434,524 shares. Based on an average trading volume of 404,705 shares, the days-to-cover ratio is currently 0.7 days. Currently, 2.2% of the shares of the company are short sold.

Hedge Funds Weigh In On VistaShares Artificial Intelligence Supercycle ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Beaumont Financial Advisors LLC raised its position in VistaShares Artificial Intelligence Supercycle ETF by 71.7% during the 1st quarter. Beaumont Financial Advisors LLC now owns 351,420 shares of the company’s stock worth $14,728,000 after buying an additional 146,691 shares during the last quarter. Carter Financial Group INC. boosted its holdings in shares of VistaShares Artificial Intelligence Supercycle ETF by 146.2% in the first quarter. Carter Financial Group INC. now owns 31,580 shares of the company’s stock valued at $1,324,000 after acquiring an additional 18,751 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of VistaShares Artificial Intelligence Supercycle ETF by 83.5% in the second quarter. NewEdge Advisors LLC now owns 99,051 shares of the company’s stock valued at $8,450,000 after acquiring an additional 45,061 shares in the last quarter. Noble Wealth Management PBC increased its stake in shares of VistaShares Artificial Intelligence Supercycle ETF by 147.4% during the second quarter. Noble Wealth Management PBC now owns 58,079 shares of the company’s stock worth $4,955,000 after acquiring an additional 34,602 shares during the period. Finally, Sankala Group LLC acquired a new position in shares of VistaShares Artificial Intelligence Supercycle ETF during the fourth quarter worth about $65,000. 39.67% of the stock is currently owned by hedge funds and other institutional investors.

VistaShares Artificial Intelligence Supercycle ETF Price Performance

Shares of AIS stock traded up $2.76 during midday trading on Thursday, hitting $70.70. The company had a trading volume of 228,223 shares, compared to its average volume of 396,892. The stock has a market cap of $919.05 million, a price-to-earnings ratio of -1,010.46 and a beta of 3.07. The company’s 50 day simple moving average is $68.88 and its 200 day simple moving average is $64.20. VistaShares Artificial Intelligence Supercycle ETF has a 52-week low of $33.35 and a 52-week high of $88.79.

About VistaShares Artificial Intelligence Supercycle ETF

The VistaShares Artificial Intelligence Supercycle ETF (AIS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, using an underlying index to identify and weight global AI companies in an investment portfolio. Companies may span in size, selection is based on thematic relevance and liquidity. AIS was launched on Oct 1, 2024 and is issued by VistaShares.