Draco Evolution AI ETF (NYSEARCA:DRAI) Sees Significant Increase in Short Interest

Draco Evolution AI ETF (NYSEARCA:DRAI) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 37 shares, a growth of 1,750.0% from the September 30th total of 2 shares. Based on an average daily trading volume, of 4,094 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Draco Evolution AI ETF Trading Up 0.5%

DRAI stock traded up $0.16 during trading on Monday, reaching $32.40. 1,050 shares of the stock were exchanged, compared to its average volume of 3,029. Draco Evolution AI ETF has a twelve month low of $27.45 and a twelve month high of $36.03. The company has a market capitalization of $21.06 million, a P/E ratio of 28.62 and a beta of 1.11. The stock has a 50 day simple moving average of $33.01 and a 200-day simple moving average of $32.40.

Draco Evolution AI ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a dividend of $0.1169 per share. This represents a $0.47 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, September 28th. This is a drop from Draco Evolution AI ETF’s previous quarterly dividend of $0.1381.

About Draco Evolution AI ETF

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.