First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) Sees Significant Growth in Short Interest

First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,895 shares, an increase of 322.0% from the December 31st total of 449 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 8,782 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 8,782 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Bloomberg Artificial Intelligence ETF Trading Up 1.2%

Shares of NYSEARCA:FAI opened at $42.88 on Wednesday. The company has a 50-day moving average price of $41.26 and a 200-day moving average price of $39.79. The company has a market cap of $34.30 million, a price-to-earnings ratio of 33.52 and a beta of 2.01. First Trust Bloomberg Artificial Intelligence ETF has a 12 month low of $22.92 and a 12 month high of $44.03.

Institutional Investors Weigh In On First Trust Bloomberg Artificial Intelligence ETF

Large investors have recently made changes to their positions in the business. BankPlus Trust Department purchased a new position in shares of First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter valued at approximately $25,000. Kingswood Wealth Advisors LLC boosted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 8.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 15,370 shares of the company’s stock valued at $541,000 after acquiring an additional 1,204 shares in the last quarter. CoreCap Advisors LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the third quarter valued at $56,000. Advisory Services Network LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the 3rd quarter valued at $88,000. Finally, Cetera Investment Advisers raised its holdings in First Trust Bloomberg Artificial Intelligence ETF by 28.4% in the 2nd quarter. Cetera Investment Advisers now owns 18,865 shares of the company’s stock worth $665,000 after purchasing an additional 4,175 shares in the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.