Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) Sees Significant Growth in Short Interest

Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 963,400 shares, an increase of 138.5% from the May 31st total of 404,020 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,707,715 shares, the days-to-cover ratio is currently 0.6 days.

Defiance AI and Power Infrastructure ETF Stock Performance

Shares of NASDAQ:AIPO traded up $0.67 during trading on Monday, hitting $32.61. 837,853 shares of the company were exchanged, compared to its average volume of 775,884. Defiance AI and Power Infrastructure ETF has a 1-year low of $19.17 and a 1-year high of $34.79. The stock has a 50 day simple moving average of $31.89.

Institutional Trading of Defiance AI and Power Infrastructure ETF

An institutional investor recently raised its stake in Defiance AI and Power Infrastructure ETF stock. AdvisorNet Financial Inc increased its position in Defiance AI and Power Infrastructure ETF (NASDAQ:AIPO) by 119.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,100 shares of the company’s stock after buying an additional 6,050 shares during the quarter. AdvisorNet Financial Inc owned 0.11% of Defiance AI and Power Infrastructure ETF worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance AI & Power Infrastructure ETF (NASDAQ: AIPO) is a thematic exchange-traded fund offered by Defiance ETFs that seeks to provide investors with exposure to companies operating at the intersection of artificial intelligence and power infrastructure. The fund targets firms involved in the development, production and deployment of AI technologies alongside businesses that design, build or operate electric power systems and related infrastructure.

Holdings typically span technology and industrial sectors, including companies that supply AI hardware and software, semiconductors and data-center infrastructure, as well as utilities, grid modernization firms, renewable energy developers and companies focused on transmission, distribution and energy storage.